Gm533-Applied Managerial Statistics Term Project

Student GM533 Applied Managerial Statistics Keller Grad School prof Peixin Zhang Term Project For this go for various statistical tools entrust be apply to break up our case 27 entropy sheet. harm is the dependent protean and there argon a number of independent variables including unbowed feet, beds, baths, heat, garage, basement and so forth that is used to explore and model the kin between these variables. primal Tendency and Dispersion Here statistical tools are used to measure the central tendency and dispersion to fixate the data in the survey more meaningful and easier to understand. The median(prenominal) Home Price: Here the aim is to determine the median price of the places base on Price. In the lodging mart its all-important(prenominal) to know the median price of homes in a example size. Using Minitab the undermentioned results were obtained. Descriptive Statistics: expenditure covariant N N* cerebrate SE loaded StDev lower limit Median maximal PRICE 108 0 97.99 2.54 26.43 59.00 92.47 195.00 As per the Minitab countings above the median price for the list of 108 houses in our survey is $92,470. From the computer science the cheapest house is priced at $59,000 whilst the most expensive house is $195,000. From the computation we likewise know that the average cost per house is $97,990. In the following computation two variables are used, Price and Fireplace.

Variable harass N N* Mean SE Mean StDev Minimum Median Maximum PRICE 0 12 0 72.61 2.79 9.65 61.50 69.97 98.00 1 96 0 101.16 2.67 26.16 59.00 ! 95.85 195.00 From the minitab results above we can suck up that the average cost of a house without a domicil is $72,610 and is $28,550 cheaper than a house with fireplace. This information can be good in determining the value of a house an proprietor intends to sell. Another important feature that is often considered in the hold market is basement. Often houses with a basement cost more. From...If you craving to get a full essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay