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PROBLEM 5 - HOUSING PRICES Situation: Real Estate One conducted a recent survey of house prices for properties located on the shores of Tawas Bay.

PROBLEM 5 - HOUSING PRICES

Situation:

Real Estate One conducted a recent survey of house prices for properties located on the shores of Tawas Bay. Data on 26 recent sales, including the number of bathroom, square feet and bedrooms are below.

image text in transcribed

Selling Price Baths Sq Ft Beds 160000 1.5 1776 170000 2 1768 178000 1219 182500 1568 195100 1.5 1125 212500 2 1196 245900 2128 250000 3 1280 255000 2 1596 258000 3.5 2374 267000 2.5 2439 268000 2 1470 275000 2 1678 AAAWAAAWWAARWARWAWWWNON WWW 295000 2.5 1860 325000 3 2056 325000 3.5 2776 328400 2 1408 331000 1.5 1972 344500 2.5 1736 365000 2.5 1990 385000 2.5 3640 395000 2.5 1918 399000 2 2108 430000 2462 430000 2 2615 454000 3.5 3700

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