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LT Project

This is a project run preparing for the real project, we will not be gating graded on this however, it is to prepare for the final project. Can you help me on this one? I attached the problem as well as the data.

Write a research report that answers these questions and any other questions, you want to add, to help your client understand the factors which give rise to real estate values in the defined area.

Your research report should conform to the following outline strategy. I prefer you use the following basic outline to write the final research report although Cooper can outline several different report formats or you can make up one of your own. Remember that your client is not a statistician and it may be important to ensure the answers to his basic questions are up front and the technical issues are in the back part of the report.

LT Project Guidelines (SUBJECT LINE: LT C PROJECT)

Assume you have a real estate investor client who wants you to answer some specific questions about housing in the neighborhood encompassed by the 5 townships in your Real Estate Data Set. Further assume that you have collected this random sample in an effort to answer your client's questions using statistical tools.

1. Describe the typical house using descriptive statistical techniques by analysis of the mean, standard deviation, 95% confidence interval, and sample size adequacy for the following variables:
Selling Price
Number of bedrooms
Number of Bathrooms
Square feet of house
Distance from city center
2. A local real estate firm Dewey, Cheatem, and Howe, Real Estate Company, has told your client that the average house in this area is valued at $260,000. Your client wants you to evaluate this claim using a One Sample t Test For The Mean.
3. Is there a relationship between sales price and whether or not there is a swimming pool? A garage? Use a Two Sample t to answer these two questions.
4. Your client wants to know the probability of a house selling for less than $200,000 and the probability of a house selling for over $300,000.
5. Your client wants information on square footage as it relates to price. Divide the square footage into two categories, large square footage and small square footage. Determine if there is a statistically significant difference between the selling price of large square footage houses and low square footage houses. This would be a two sample comparison.

Write a research report that answers these questions and any other questions, you want to add, to help your client understand the factors which give rise to real estate values in the defined area.

Your research report should conform to the following outline strategy. I prefer you use the following basic outline to write the final research report although Cooper can outline several different report formats or you can make up one of your own. Remember that your client is not a statistician and it may be important to ensure the answers to his basic questions are up front and the technical issues are in the back part of the report.

1. INTRODUCTION
2. RESEARCH QUESTIONS
3. DATA
4. METHODOLOGY (APPLICATION OF STATISTICAL TOOLS)
- 5. RESULTS
6. CONCLUSIONS AND RECOMMENDATIONS
7. APPENDIX (data or analytical processes or results that helps elaborate on your research project... e.g. )

Attachments

Solution Preview

Please see the attached file.

Introduction:
This research paper is related to the Real Estate Data. In this research paper we are going to examine the different aspects of why there is a change in the value of the Real Estate. Further we will calculate the mean, standard deviation, 95% confidence interval and the sample size adequacy for the variables like size of the Real Estate, Price of the Real Estate, Number of bedrooms, Number of bathrooms and distance from the city in order to identify the typical house.
Then after calculating the mean for all the variables the mean size of price of the Real Estate is equal to 260000 or not. The research paper will help the readers to understand the relationship between the price of the asset and the garages, between the price of the asset and the swimming polls etc. With the help of this research paper the readers will understand theta why the price of some Real Estate is higher when compared with the price offered by the other Real Estates.
Research questions:
1. To analyze the typical house using descriptive statistical techniques by analysis of the mean, standard deviation, 95% confidence interval, and sample size adequacy for the following variables:
Selling Price
Number of bedrooms
Number of Bathrooms
Square feet of house
Distance from city center
2. A local real estate firm Dewey, Cheatem, and ...

Solution Summary

900 words + excel file

$2.19