Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd
Upload
91 views

MAT 240 Module Two Assignment Template

The document analyzes real estate prices and square footage for properties in the West South-Central region compared to national averages. Based on a sample of 30 properties, the regional mean price was $291,140 and median was $263,400, both lower than national averages. The mean and median square footage for the region also trended slightly lower. A scatterplot showed a clear positive correlation between square footage and listing price, with the regression equation estimating prices based on square footage.

Uploaded by

Janie Williams
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
91 views

MAT 240 Module Two Assignment Template

The document analyzes real estate prices and square footage for properties in the West South-Central region compared to national averages. Based on a sample of 30 properties, the regional mean price was $291,140 and median was $263,400, both lower than national averages. The mean and median square footage for the region also trended slightly lower. A scatterplot showed a clear positive correlation between square footage and listing price, with the regression equation estimating prices based on square footage.

Uploaded by

Janie Williams
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 5

Selling Price and Area Analysis for D.M.

Pan National Real Estate Company 1

Selling Price and Area Analysis

Report: Selling Price and Area Analysis for D.M. Pan National Real Estate Company

Janie Williams

Southern New Hampshire University


Selling Price Analysis for D.M. Pan National Real Estate Company 2

Introduction

I am a Junior analyst for D.M. Pan National Real Estate Company, and I have presented a an

analyst between real estate and square footage or living space. The purpose of my report is to

figure out the mean, median and STD dev from doing a sample from 30 to get a better

understanding of the real estate market.

Representative Data Sample

Sample National
Mean Price $291,140 342,365
Median $263,400 318,000
STD Dev
Price 106807.46 125,914

Sample National

Mean sqft 2,226 2111

Median sqft 1,868 1881


STD dev
sqft 962 921
Selling Price Analysis for D.M. Pan National Real Estate Company 3

Data Analysis

[Discuss how the regional sample created is reflective of the national market. Compare and

contrast your regional sample with the national population using the National Statistics and

Graphs document found in the Module Two Assignment Guidelines and Rubric.
Selling Price Analysis for D.M. Pan National Real Estate Company 4

I went ahead and deleted other regions and go with West South-Central region and I took the

first 30 samples from that list to get my scatterplot. The main states that we are sampling will be

from Texas, Arkansas, Oklahoma, and Louisiana. I felt like it was the best choice because it has

severely different states in this region, so I felt it was a great pick for this presentation.

Scatterplot

The Pattern

In this graph, there is a clear pattern from the data that I have shown you (X) is the independent

variable while (Y) is the listing price. (X) is showing the square footage of the houses and (Y) is

showing the listing price by the square footage. I feel the most useful variable is (Y) because it

is the listing price but then most people want more square footage for their house because they
Selling Price Analysis for D.M. Pan National Real Estate Company 5

feel they are getting the most money out of it. The regression of the scatterplot is Y=105.22x +

56934.With this information if the square feet was 1200 the price would be set at $69,330. If I

have a house with 1800 square feet, the listing price would be at $132,462 so as you see on the

scatterplot where that would match up with what I have shown you today.

You might also like