Preparing a report that examines the relationship between the selling | Applied Statistics | Southern New Hampshire University

 Scenario

Smart businesses in all industries use data to provide an intuitive analysis of how they can get a competitive advantage. The real estate industry heavily uses linear regression to estimate home prices, as cost of housing is currently the largest expense for most families. Additionally, in order to help new homeowners and home sellers with important decisions, real estate professionals need to go beyond showing property inventory. They need to be well versed in the relationship between price, square footage, build year, location, and so many other factors that can help predict the business environment and provide the best advice to their clients.

Prompt

You have been recently hired as a junior analyst by D.M. Pan Real Estate Company. The sales team has tasked you with preparing a report that examines the relationship between the selling price of properties and their size in square feet. You have been provided with a Real Estate County Data document that includes properties sold nationwide in recent years. The team has asked you to select a region, write an initial analysis, and provide the report to the team. (https://drive.google.com/file/d/1nlVlbovmCZT6lizJP7K1nBSrN4bW_nVc/view?usp=sharing)

Note: In the report, you prepare for the sales team, the response variable (y) should be the median listing price and the predictor variable (x) should be the median square feet.

– Specifically, you must address the following rubric criteria, using the Module Two Assignment Template:

(https://drive.google.com/file/d/1iU_1NOlN7BvKZhyYeA3oxa9zrSqT1F6M/view?usp=sharing)

  • Generate a Representative Sample of the Data
  • Select a region and generate a simple random sample of 30 from the data.
  • Report the mean, median, and standard deviation of the median listing price and the median square foot variables.
  • Analyze Your Sample
  • Discuss how the regional sample created is reflective of the national market.
  • Compare and contrast your sample with the population using the National Statistics and Graphs document.
  • Explain how you have made sure that the sample is random.
  • Explain your methods to get a truly random sample.
  • Generate Scatterplot
  • Make a scatterplot of the x and y variables noted above and include a trend line.
  • Observe patterns
  • Answer the following questions based on the scatterplot:
  • Define x and y. Which variable is useful for making predictions?
  • Is there an association between x and y? Describe the association you see in the scatter plot.
  • What do you see as the shape (linear or nonlinear)?
  • If you had a 1,200 square foot house, based on the regression equation in the graph, what price would you choose to list at?
  • Do you see any potential outliers in the scatterplot?
  • Why do you think the outliers appeared in the scatterplot you generated?
  • What do they represent?







Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10