Statistics : Case Study Of Gulf Real Estate Properties

Running head: CASE STUDY OF GULD REAL ESTATE PROPERTIESCase Study of Gulf Real Estate PropertiesNameUniversityInstructorMay 13.20171CASE STUDY OF GULD REAL ESTATE PROPERTIES2Gulf Real Estate PropertiesThe purpose of the paper is to analyze the condominium sales of Gulf Real Estateproperties based on the whether it is located directly on the Gulf of Mexico (Gulf View) ornear the Gulf of Mexico (No Gulf view).The condominium sales is described by the datacollected on location, list price and a number of days it takes to sell each unit. Theindependent variable is the condominium view (Either Gulf view or not) and the dependentvariables are list price, sale price and days it take to sell each unit of product.Descriptive StatisticsGulf View CondominiumThe descriptive statistics of the Gulf View Condominium is shown in Table 1.Table 1Descriptive Statistics of Gulf View Condominium($1000s)List PriceSales PriceMean603.5575.9Median605.5581.6Standard deviation246.9237Range810778.3Days to Sell157.417276.8278Outlier. The detection of outlier was carried through the box plot of the variableswhich is shown below. The individual box plot showed no presence of any unusualobservation. The individual box plot showed absence of outlier as no unusual observationswere present.CASE STUDY OF GULD REAL ESTATE PROPERTIES3BoxPlot0200400600List Price80010001200Fig 1.Box Plot of List PriceBoxPlot0200400600Sale Price8 ...


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