Question

In: Statistics and Probability

Calculate the Mean, Median, Standard Deviation, Coefficient of Variation and 95% population mean confidence intervals for...

Calculate the Mean, Median, Standard Deviation, Coefficient of Variation and 95%
population mean confidence intervals for property prices of Houses based on the following
grouping:
 Proximity of the property to CBD
Note: Calculate above statistics for both “Up to 5KM” and “Between 5KM and
10KM”
 Number of bedrooms
Note: Calculate above statistics for “One bedroom”, “Two bedrooms” and “Three
bedrooms or more”
 Number of bathrooms
Note: Calculate above statistics for “One bathroom”, “Two bathrooms”, “Three
bathrooms or more”)

Note: In total, you need to show your results for 8 different categories. Provide all results in
one table (see a sample table at the end of this document).

DATA:

TYPE 1 House
2 Unit
PROXIMITY 1 up to 5KM
2 Between 5KM and 10KM
BEDROOM 1 one bedroom
2 two bedrooms
3 three bedrooms and above
BATHROOM 1 one bathroom
2 two bathrooms
3 three bathrooms and above
PRICE (in 10,000 AU Dollars) TYPE PROXIMITY BEDROOM BATHROOM
310 1 1 2 1
307 1 1 2 1
305 1 1 2 1
300 1 1 2 1
290 1 1 2 1
287 1 1 2 1
280 1 1 1 1
279 1 1 1 1
278 1 1 1 1
277 1 1 1 1
277 1 1 2 1
276 1 1 2 1
269 1 1 2 1
268 1 1 1 1
267 1 1 1 1
267 1 1 1 1
266 1 1 1 1
265 1 1 2 1
257 1 1 1 1
256 1 1 3 1
252 1 1 3 1
250 1 1 1 1
249 1 1 2 1
247 1 1 1 1
247 1 1 1 1
247 1 1 2 1
245 1 1 1 1
244 1 1 1 1
243 1 1 3 1
240 1 1 3 1
235 1 1 3 1
230 1 1 1 1
223 1 1 3 1
217 1 1 1 1
213 1 1 3 1
209 1 1 3 1
208 1 1 2 1
207 1 1 2 1
207 1 1 2 1
207 1 1 2 1
205 1 1 2 1
202 1 1 3 1
201 1 1 2 1
199 1 1 3 1
190 1 1 2 2
189 1 2 2 1
188 1 1 2 2
188 1 1 1 2
186 1 1 1 2
185 1 2 2 1
183 1 1 3 1
181 1 1 3 1
179 1 2 2 2
177 1 2 2 2
173 1 1 3 1
171 1 1 3 1
164 1 1 2 2
163 1 1 3 1
159 1 1 2 2
145 1 1 1 2
144 1 1 3 1
143 1 1 3 1
143 1 1 1 2
140 1 1 1 2
139 1 1 1 2
133 1 1 2 2
132 1 1 2 2
130 1 1 3 1
120 1 2 3 2
119 1 2 3 2
118 1 2 2 2
117 1 2 2 2
115 1 1 1 2
112 1 1 1 2
111 1 2 2 2
104 1 2 2 2
85 1 1 2 2
83 1 1 2 2
77 1 2 3 3
74 1 2 3 3
74 1 1 2 2
73 1 1 2 2
72 1 2 1 3
71 1 1 1 3
69 1 1 1 3
69 1 2 1 3
29 1 2 1 3
27 1 2 1 3
199 2 2 3 1
193 2 2 3 1
186 2 2 2 1
185 2 2 2 1
184 2 2 3 1
183 2 2 2 1
183 2 2 3 1
182 2 2 2 1
177 2 2 3 1
175 2 2 3 1
163 2 1 1 2
162 2 1 1 2
161 2 2 2 2
159 2 2 2 2
159 2 2 2 2
157 2 2 2 2
156 2 2 3 1
155 2 2 3 1
141 2 1 2 2
139 2 1 2 2
138 2 2 2 2
137 2 2 1 2
135 2 2 2 2
133 2 2 1 2
129 2 1 3 3
126 2 1 3 3
125 2 1 1 2
124 2 1 1 2
123 2 2 1 2
122 2 2 1 2
119 2 1 3 2
117 2 1 3 2
116 2 2 2 3
111 2 2 2 3
106 2 1 1 3
104 2 1 1 3
99 2 2 2 2
97 2 2 2 2
89 2 1 2 2
87 2 1 2 2
79 2 1 2 3
75 2 1 2 3
71 2 2 3 2
70 2 2 2 2
69 2 2 2 2
69 2 2 3 2
69 2 1 2 3
69 2 2 3 3
68 2 1 2 3
68 2 1 1 3
67 2 1 3 3
66 2 1 3 3
66 2 2 3 3
65 2 1 1 3
65 2 1 2 3
65 2 1 2 3
65 2 2 2 3
64 2 1 2 3
64 2 2 2 3
63 2 1 2 3
60 2 2 2 2
59 2 1 2 3
58 2 1 2 3
57 2 2 2 2
56 2 1 2 3
55 2 1 2 3
55 2 1 2 3
55 2 1 2 3
55 2 1 1 3
54 2 1 1 3
53 2 1 2 3
52 2 1 3 3
51 2 1 1 3
51 2 1 1 3
51 2 1 2 3
51 2 1 3 3
50 2 1 2 3
49 2 1 2 3
48 2 1 3 3
48 2 1 2 3
46 2 1 3 3
45 2 1 2 3
45 2 1 1 3
45 2 1 2 3
44 2 1 2 3
43 2 1 1 3
43 2 1 2 3
43 2 1 2 3
41 2 1 2 3
41 2 1 2 3
40 2 1 3 2
40 2 1 3 3
39 2 1 3 2
39 2 1 3 3
39 2 1 3 3
38 2 1 3 3
38 2 2 2 3
36 2 2 2 3
36 2 1 3 3
34 2 1 3 3
31 2 2 1 3
29 2 2 1 3

Solutions

Expert Solution

Descriptive Statistics: PRICE (in 10,000 AU Dollars)

Statistics

Variable TYPE Mean StDev CoefVar Median Mode N for
Mode
PRICE (in 10,000 AU Dollars) 1 189.23 72.90 38.53 194.50 207, 247 3
2 88.59 49.26 55.61 66.50 51, 55, 65, 69 4

Statistics

Variable PROXIMITY Mean StDev CoefVar Median Mode N for
Mode
PRICE (in 10,000 AU Dollars) 1 142.70 87.00 60.96 131.00 51, 55 4
2 117.25 52.88 45.10 118.50 69 4

Statistics

Variable BEDROOM Mean StDev CoefVar Median Mode N for
Mode
PRICE (in 10,000 AU Dollars) 1 148.3 85.9 57.90 135.0 29, 51, 69, 247 2
2 130.68 80.30 61.45 111.00 55, 65, 159, 207 3
3 130.25 70.29 53.97 129.50 39 3

The data contain at least five mode values. Only the smallest four are shown.

Statistics

Variable BATHROOM Mean StDev CoefVar Median Mode N for
Mode
PRICE (in 10,000 AU Dollars) 1 224.67 45.88 20.42 220.00 183, 207, 247 3
2 122.41 38.89 31.77 123.50 159 3
3 58.90 22.07 37.47 55.00 51, 55, 65, 69 4

orchestra answered 2 years ago
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