Explore BrainMass

Deriving and Presenting Descriptive Statistics

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Make believe that you are a real estate agent in Florida, and that you are working with a retired couple from out of state. The couple is considering purchasing a retirement home in Boca Raton. In order to make informed decisions about buying a house, they first need to understand the Boca Raton real estate market.

For this discussion, identify what you consider to be the three most significant or descriptive home parameters (that is, price mean, price mode, home size mean, home size mode, and so on) to give your clients an understanding of the Boca market, and justify your selection. Draw on the results that you generated in this unit's assignment, using the Florida Pool Data file to help support your perspective if you wish.

© BrainMass Inc. brainmass.com October 25, 2018, 9:47 am ad1c9bdddf

Solution Preview

When purchasing a home, the three most significant home parameters are
- median home price
- mode number of bathrooms
- mean square footage

First, we need to understand the difference between mean, median and mode. The mean is the average. It is computed by adding all the values and dividing by the number of values. The median is the middle value. It is computed by first arranging all the values in order; the middle value is known as the median. The mode is the most frequently occurring value.

The median home price is more descriptive than the mean home price. This is ...

Solution Summary

Answered in 420 words. An explanation of each of the three selections is given.

See Also This Related BrainMass Solution

Qinatitivative Data Analysis: Early childhood education

I am looking for link, youtube, or powerpoint, on website that addresses how to measure using frequency. The project that I am working on is attitudes of early childhood workers toward father engagement in early childhood programs. I am required to identify a research question using this type of statistic. I am measuring attitudes toward father engagement from early childhood education staff and if their lived experience influence their encouragement or non-encouragement of father involvement in their program. Social constructionism is is the theory. How would you hypothetically measure the frequency of a research question based on thsi study.

View Full Posting Details