Managerial Report
Please provide a Managerial Report that includes:
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Appropriate descriptive statistics to summarize each of the
three variables for the forty Gulf View condominiums
Appropriate descriptive statistics to summarize each of the
three variables for the eighteen No-Gulf View condominiums
Comparison of your summary results from #1 & #2. Discuss
any specific statistical results that would help a real estate agent understand
the condominium market.
A 95% confidence interval estimate of the population mean
sales price and population mean number of days to sell for Gulf View
condominiums. Also, interpret the results.
A 95% confidence interval estimate of the population mean
sales price and population mean number of days to sell for No-Gulf View
condominiums. Also, interpret the results.
Also, consider the following scenario and include your
responses in your Report:
Assume the branch manager requested estimates of the mean
selling price of Gulf View condominiums with a margin of error of $40,000 and
the mean selling price of No-Gulf View condominiums with a margin of error of
$15,000. Using 95% confidence, how large should the sample sizes be?
For ease in calculating the data, you can either enter the
data into Excel. Report should include introduction and a conclusion
paragraphs, and be two or more pages double-spaced
