Refer to the North Valley real estate data recorded on homes sold during the last year. Prepare

Question:

Refer to the North Valley real estate data recorded on homes sold during the last year. Prepare a report on the selling prices of the homes based on the answers to the
following questions.

a. Compute the minimum, maximum, median, and the first and the third quartiles of price. Create a box plot. Comment on the distribution of home prices.

b. Develop a scatter diagram with price on the vertical axis and the size of the home on the horizontal. Is there a relationship between these variables? Is the relationship direct or indirect?

c. For homes without a pool, develop a scatter diagram with price on the vertical axis and the size of the home on the horizontal. Do the same for homes with a pool. How do the relationships between price and size for homes without a pool and homes with a pool compare?

Data From North Valley:

Default (Yes is 1) Pool Garage (Yes is 1) Mortgage type Record Agent Price Size Bedrooms Baths (Yes is 1) Days Township Years FICO 1970 2520 3150 1550 3090 4080 3500 2620 2790 2910 4370 4200 5570 5050 3360 2270 2830 2770 2870 5910 6800 1600 3970 B060 1900 2150

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Related Book For  book-img-for-question

Statistical Techniques In Business And Economics

ISBN: 9781260239478

18th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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