Bedroom Residential Properties for Sale to Explore the Typical Price - Finance Assignment Help

Assignment Task :

Project Situation

Your statistical analysis of residential property data is to enable you to answer questions from a relative who is seeking to buy a property in the particular town or city of your sample and has asked you for information and advice.

In each part of the project you are required to analyse your sample data in response to given questions and provide a written answer. You can assume that each written answer is a part of a letter or email to your relative.

Part A Preliminary Analysis of Sample Data
Your relative is interested in buying a property in the town or city specified by your sample and asks you to obtain information on the property prices in this location.
Your relative is considering purchasing a two or three bedroom property, as they are either downsizing since their children have left home or they are new home buyers. Therefore, they are interested in the typical price of two and three bedroom properties. They are also interested in the difference in price between units and houses and the relationship between number of bedrooms and price.
 

Tasks – Part A Submission
Complete the following
1)  Download and save your data.
2) Download the Project Part A cover sheets, name and save this file as “Family Name_First Name_Part_A_Campus”
3) Enter your Sample Number on page 2 of the Part A coversheets.
4) Statistical Output: For your sample perform the following tasks:
Price of two and three bedroom properties

• Use Price $000 (1st column of data) for two and three bedroom residential properties for sale to explore the typical price of a two or three bedroom residential property, by using Excel to:
• Construct a frequency histogram or polygon for the price of two and three bedroom residential properties.
• Calculate descriptive statistics for the price of two and three bedroom residential properties.

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