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Gulf Case Study Soln

The document contains data on the list prices, sale prices, and days to sell for Gulf View and No Gulf View condominiums. Descriptive statistics were calculated for the price and time to sell data for both types of condominiums. The Gulf View condos had higher average list prices and longer average times to sell compared to the No Gulf View condos. Variability in prices and times to sell was also higher for the Gulf View properties.

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Harsh S
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0% found this document useful (0 votes)
79 views9 pages

Gulf Case Study Soln

The document contains data on the list prices, sale prices, and days to sell for Gulf View and No Gulf View condominiums. Descriptive statistics were calculated for the price and time to sell data for both types of condominiums. The Gulf View condos had higher average list prices and longer average times to sell compared to the No Gulf View condos. Variability in prices and times to sell was also higher for the Gulf View properties.

Uploaded by

Harsh S
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Gulf View Condominiums No Gulf View Condominiums

List Price Sale Price Days to Sell List Price Sale Price Days to Sell
495.0 475.0 130 217.0 217.0 182
379.0 350.0 71 148.0 135.5 338
529.0 519.0 85 186.5 179.0 122
552.5 534.5 95 239.0 230.0 150
334.9 334.9 119 279.0 267.5 169
550.0 505.0 92 215.0 214.0 58
169.9 165.0 197 279.0 259.0 110
210.0 210.0 56 179.9 176.5 130
975.0 945.0 73 149.9 144.9 149
314.0 314.0 126 235.0 230.0 114
315.0 305.0 88 199.8 192.0 120
885.0 800.0 282 210.0 195.0 61
975.0 975.0 100 226.0 212.0 146
469.0 445.0 56 149.9 146.5 137
329.0 305.0 49 160.0 160.0 281
365.0 330.0 48 322.0 292.5 63
332.0 312.0 88 187.5 179.0 48
520.0 495.0 161 247.0 227.0 52
425.0 405.0 149
675.0 669.0 142
409.0 400.0 28
649.0 649.0 29
319.0 305.0 140
425.0 410.0 85
359.0 340.0 107
469.0 449.0 72
895.0 875.0 129
439.0 430.0 160
435.0 400.0 206
235.0 227.0 91
638.0 618.0 100
629.0 600.0 97
329.0 309.0 114
595.0 555.0 45
339.0 315.0 150
215.0 200.0 48
395.0 375.0 135
449.0 425.0 53
499.0 465.0 86
439.0 428.5 158
Gulf View C+B2:D32ondominiums No Gulf View Condominiums
List Price Sale Price Days to Sell List Price Sale Price Days to Sell
495.0 475.0 130 217.0 217.0 182
379.0 350.0 71 148.0 135.5 338
529.0 519.0 85 186.5 179.0 122
552.5 534.5 95 239.0 230.0 150
334.9 334.9 119 279.0 267.5 169
550.0 505.0 92 215.0 214.0 58
169.9 165.0 197 279.0 259.0 110
210.0 210.0 56 179.9 176.5 130
975.0 945.0 73 149.9 144.9 149
314.0 314.0 126 235.0 230.0 114
315.0 305.0 88 199.8 192.0 120
885.0 800.0 282 210.0 195.0 61
975.0 975.0 100 226.0 212.0 146
469.0 445.0 56 149.9 146.5 137
329.0 305.0 49 160.0 160.0 281
365.0 330.0 48 322.0 292.5 63
332.0 312.0 88 187.5 179.0 48
520.0 495.0 161 247.0 227.0 52
425.0 405.0 149
675.0 669.0 142
409.0 400.0 28
649.0 649.0 29
319.0 305.0 140
425.0 410.0 85
359.0 340.0 107
469.0 449.0 72
895.0 875.0 129
439.0 430.0 160
435.0 400.0 206
235.0 227.0 91
638.0 618.0 100
629.0 600.0 97
329.0 309.0 114
595.0 555.0 45
339.0 315.0 150
215.0 200.0 48
395.0 375.0 135
449.0 425.0 53
499.0 465.0 86
439.0 428.5 158
Gulf View Descreiptive Statistics
List Price Sales Price

Mean 474.0075 Mean


Standard Error 31.1942925803 Standard Error
Median 437 Median
Mode 975 Mode
Standard Deviation 197.290029103 Standard Deviation
Sample Variance 38923.3555833 Sample Variance
Kurtosis 1.01132890682 Kurtosis
Skewness 1.09581463931 Skewness
Range 805.1 Range
Minimum 169.9 Minimum
Maximum 975 Maximum
Sum 18960.3 Sum
Count 40 Count
Largest(1) 975 Largest(1)
Smallest(1) 169.9 Smallest(1)
Confidence Level(95.0%) 63.0964123591 Confidence Level(95.0%)

$ 537.10
Interval Estimate Interval Estimate
$ 410.91

No Gulf View Descriptive Statistics


List Price Sales Price

Mean 212.805555556 Mean


Standard Error 11.5365134237 Standard Error
Median 212.5 Median
Mode 279 Mode
Standard Deviation 48.9452812389 Standard Deviation
Sample Variance 2395.64055556 Sample Variance
Kurtosis -0.0852396402 Kurtosis
Skewness 0.54395506109 Skewness
Range 174 Range
Minimum 148 Minimum
Maximum 322 Maximum
Sum 3830.5 Sum
Count 18 Count
Largest(1) 322 Largest(1)
Smallest(1) 148 Smallest(1)
Confidence Level(95.0%) 24.3399157352 Confidence Level(95.0%)

$ 237.15
Interval Estimate Interval Estimate
Interval Estimate Interval Estimate
$ 188.47
Descreiptive Statistics
Sales Price Days to Sell

454.2225 Mean 106


30.4397295398 Standard Error 8.25607779232
417.5 Median 96
305 Mode 85
192.51775341 Standard Deviation 52.2160207265
37063.0853782 Sample Variance 2726.51282051
1.18362147917 Kurtosis 2.02202587041
1.15938791442 Skewness 1.07764212288
810 Range 254
165 Minimum 28
975 Maximum 282
18168.9 Sum 4240
40 Count 40
975 Largest(1) 282
165 Smallest(1) 28
61.5701645485 Confidence Level(95.0%) 16.6994935856

$ 515.79 123
Interval Estimate
$ 392.65 89

w Descriptive Statistics
Sales Price Days to Sell

203.188888889 Mean 135


10.3453784601 Standard Error 17.9840161422
203.5 Median 126
179 Mode #N/A
43.8917235785 Standard Deviation 76.2997186025
1926.48339869 Sample Variance 5821.64705882
-0.46406827128 Kurtosis 2.21530122383
0.30418060957 Skewness 1.36054695736
157 Range 290
135.5 Minimum 48
292.5 Maximum 338
3657.4 Sum 2430
18 Count 18
292.5 Largest(1) 338
135.5 Smallest(1) 48
21.8268406337 Confidence Level(95.0%) 37.9429574087

$ 225.02 173
Interval Estimate
Interval Estimate
$ 181.36 97
Mean Selling price $ 454,222.50
Standard of Error $ 40,000.00
z(alpha/2) 1.96
Standard Deviation 192.517753410445

Gulf View Condominiums


Standard Error Standard Deveation Square of
N
Square Square Z(alpha/2)
1600000000 37063.0853782051 3.8416 0.0000889885
Mean Selling price 203.188888888889
Standard of Error 15000
z(alpha/2) 1.96
Standard Deviation 43.8917235785155

No Gulf View Condominiums


Standard Error Standard Deveation
Square of Z(alpha/2) N
Square Square
225000000 1926.48339869281 3.8416 0.000032892
Gulf View No Gulf View
Mean List Price $ 474,007.50 Mean List Price $ 212,805.56
Mean Selling Price $ 454,222.50 Mean Selling Price $ 203,188.89
Difference $ (19,785.00) Difference $ (9,616.67)
Percentage Difference -4.3557947922 Percentage Difference -4.7328703451
Mean Days to Sell 106 Mean Days to Sell 135

List Price of New Listing $ 589,000.00 List Price of New Listing $ 285,000.00
Selling Price of New Listing $ 569,215.00 Selling Price of New Listing $ 275,383.33
Number of Days to Sell 106 Number of Days to Sell 135

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