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Appropriate descriptive statistics to summarize each of the three variables for the forty Gulf
View condominiums 2. Appropriate descriptive statistics to summarize each of the three
variables for the eighteen No-Gulf View condominiums 3. Comparison of your summary results
from #1 & #2. Discuss any specific statistical results that would help a real estate agent
understand the condominium market. 4. 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. 5. 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. Also, consider the following scenario and include your responses in your Report: 6.
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 effort of $15,000. Using 95% confidence, how large should the
sample sizes be?
(1) Descriptive statistics to summarize each of the three variables for the forty Gulf View
condominiums
(3) Comparisons
The mean sale price of gulf view condominiums is greater than that of non gulf view
condominiums.
The mean number of days to sell gulf view condominiums is less tha that of non gulf view
condominiums.
The variation in the sale prices of gulf view condominiums are more than that of non gulf
view condominiums.
The variation in the number of days to sell of gulf view condominiums are more than that of
non gulf view condominiums.