Alice Barr Realty Analysis
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Analyzing the claim made by Alice Barr Realty that "we get your price" from a spreadsheet that shows data relating to 3 months' sales by Alice Barr Realty. Please determine the percent of asking price for each home sold and analyze the sales data to determine the true track record of the company in selling homes for the asking price.
Based on your data analysis, do you believe that Barr Realty should be allowed to advertise that they "Get your price?" Justify your answer by referring to the data analysis in the attachment in Analysis section on the Documentation Sheet.
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Solution Summary
This is an analysis by a real estate agency of the claims made wherein they claim to "sell it at your price and sell it quickly". Relevant data is presented to reflect the validity of this claim, as well as to determine how the advertising should be interpreted.
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Based upon the spread sheet provided, under the sales tab and the conditional tab, the information is provided relative to the average sale price to listing price in % terms. In addition, the tabs also provide information relative to the actual time to sale --- that is it provides the listing date as well as the sale date. By simply counting these days for each transaction, then totaling this number of days, you can then divide by the total transactions listed on the spread sheet to gain the average listing period for each home.
The real question then becomes "are these averages in line with the statement that "we get your price and we sell it quickly"? From this data we ...
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