We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Gulf Real Estate Properties Essay

Topics:

Paper type: Essay Pages: 2 (343 words)

Views: 254

Gulf Real Estate Properties, Inc., is a real estate firm located in southwest Florida. The company, which advertises itself as ” expert in the real estate market, ” monitors condominium sales by collecting data on location, list price, sale price, and number of days it takes to sell each unit. Each condominium is classified as Gulf View if it is located directly on the Gulf of Mexico or No Gulf View if it located on the bay or a golf course, near but not on the Gulf.

Sample data from the Multiple Listing Service in Naples, Florida, provided recent sales data for 40 Gulf View condominiums and 18 No Gulf View condominiums.*Prices are in thousands of dollars. The data are shown in Table

8.7. Managerial Report

1. Use appropriate descriptive statistics to summarize each of the three variables for the 40 Gulf View condominiums.

2. Use appropriate descriptive statistics to summarize each of the three variables for the 18 No Gulf View condominiums.

3. Compare your summary results. Discuss any specific statistical results that would help a real estate agent understand the condominium market.

4.Develop a 95% confidence interval estimate of the population mean sales price and population mean number of days to sell for Gulf View condominiums. Interpret your results.

5. Develop a 95% confidence interval estimate of the population mean sales price and population mean number of days to sell for No Gulf View condominiums. Interpret your results.

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 error of $15,000. Using 95% confidence, how large should the sample sizes be?

7. Gulf Real Estate Properties just signed contracts for two new listings:a Gulf View condominium with a list price of $589,000 and a No Gulf View condominium with a list price of $285,000. What is your estimate of the final selling price and number of days required to sell each of these units?

Cite this page

Gulf Real Estate Properties. (2016, Mar 13). Retrieved from https://studymoose.com/gulf-real-estate-properties-essay

How to Avoid Plagiarism
  • Use multiple resourses when assembling your essay
  • Use Plagiarism Checker to double check your essay
  • Get help from professional writers when not sure you can do it yourself
  • Do not copy and paste free to download essays
Get plagiarism free essay

Not Finding What You Need?

Search for essay samples now

Our customer support team is available Monday-Friday 9am-5pm EST. If you contact us after hours, we'll get back to you in 24 hours or less.

By clicking "Send Message", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
No results found for “ image
Try Our service
online

Hi, I am Sara from Studymoose

Hi there, would you like to get such a paper? How about receiving a customized one? Click to learn more https://goo.gl/CYf83b

online

Hi, I am Sara from Studymoose

Hi there, would you like to get such a paper? How about receiving a customized one? Click to learn more https://goo.gl/CYf83b

image

Your Answer is very helpful for Us
Thank you a lot!