Ch 8: Case Problem 2: Gulf Real Estate Properties
Autor: Dilip Paudel • November 18, 2015 • Case Study • 395 Words (2 Pages) • 3,061 Views
CH 8: Case Problem 2: Gulf Real Estate Properties
Descriptive Statistics for 40 Gulf View Condominiums Market:
List Price Sale Price Days to Sell
Mean 474.0075 454.2225 106
Standard Error 31.19429258 30.43972954 8.256077792
Median 437 417.5 96
Mode 975 305 85
Standard Deviation 197.2900291 192.5177534 52.21602073
Sample Variance 38923.35558 37063.08538 2726.512821
Kurtosis 1.011328907 1.183621479 2.02202587
Skewness 1.095814639 1.159387914 1.077642123
Range 805.1 810 254
Minimum 169.9 165 28
Maximum 975 975 282
Sum 18960.3 18168.9 4240
Count 40 40 40
Confidence Level(95.0%) 63.09641236 61.57016455 16.69949359
Descriptive Statistics for 18 Non Gulf View Condominiums Market:
List Price Sale Price Days to Sell
Mean 212.8055556 203.1888889 135
Standard Error 11.53651342 10.34537846 17.98401614
Median 212.5 203.5 126
Mode 279 179 #N/A
Standard Deviation 48.94528124 43.89172358 76.2997186
Sample Variance 2395.640556 1926.483399 5821.647059
Kurtosis -0.08523964 -0.46406827 2.215301224
Skewness 0.543955061 0.30418061 1.360546957
Range 174 157 290
Minimum 148 135.5 48
Maximum 322 292.5 338
Sum 3830.5 3657.4 2430
Count 18 18 18
Confidence Level(95.0%) 24.33991574 21.82684063 37.94295741
Mean Sale Price and List Price of Gulf view condominiums is more than twice than that of No Gulf view condominiums, whereas mean days to sell is lower than that of No Gulf view condominiums.
Sales price and list price for gulf view condominiums are highly skewed than that of No Gulf view condominiums.
The variance in Sale price of Gulf view
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