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This document provides instructions for a business statistics assignment involving analysis of real estate data using IBM SPSS. Students are asked to: 1. Enter real estate data from an Excel file into SPSS and select a sample. 2. Analyze various variables from the sample data including determining quantitative/qualitative variables, frequency tables, measures of central tendency, and outliers. 3. Create charts including a bar diagram and pie chart to visualize township data. 4. Calculate 99% and 95% confidence intervals for mean selling price and home size respectively and interpret the results. The assignment is due by December 20th, 2021 at midnight and involves quantitative analysis of real estate sample data in SPSS to

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66 views2 pages

File 3

This document provides instructions for a business statistics assignment involving analysis of real estate data using IBM SPSS. Students are asked to: 1. Enter real estate data from an Excel file into SPSS and select a sample. 2. Analyze various variables from the sample data including determining quantitative/qualitative variables, frequency tables, measures of central tendency, and outliers. 3. Create charts including a bar diagram and pie chart to visualize township data. 4. Calculate 99% and 95% confidence intervals for mean selling price and home size respectively and interpret the results. The assignment is due by December 20th, 2021 at midnight and involves quantitative analysis of real estate sample data in SPSS to

Uploaded by

Md. Ashiqur Rahman 2135050660
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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NORTH SOUTH UNIVERSITY

MBA/EMBA PROGRAM
FALL- 2021
Course Title: Business Statistics
Course Code: BUS-511

Assignment(First Part) using IBM SPSS. Marks:30


First enter the Real Estate data into SPSS from the Excel Program you are supplied with.
Assume the 105 homes is population.
Select a sample of size ------- and answer the following exercises using your sample data.

Exercise 1: Refer to the Real Estate data, which report information on homes sold in the
area last year.
a) Consider the following variables: selling price, number of bed rooms, township and
garage.
i)Which of the variables are qualitative and which are quantitative? [1]
ii)Determine the level of measurement for each of the variables. [1]
b) Determine a frequency table and relative frequency table from the variable
“Township” and interpret. [2]
c) Select an appropriate class interval and organize the “Selling prices” into a frequency
distribution table and interpret. [3]
Determine the mean, median, mode, variance and standard deviation from your frequency
distribution table. [Manually]. [4]
Also find skewness from these grouped data. Comment. [2]
d) Compute the Mean, Median, Mode, Range, Standard Deviation, Variance, Quartiles,
Deciles, 85th Percentile of “Selling price” from the raw data of your sample and interpret.
Determine the skewness and interpret. [4]
e) Compare the mean you found in (c) and in (d). Which mean is more appropriate and why?
[1]

f) Almost all of the of the selling prices are between what two values? What rule do you use
to answer to this question? [You can use either Raw Data or Grouped Data] [3]
The distribution of the prices of homes of a sample selling prices is symmetric, and bell-
shaped. What percent of the prices of homes will lie:
i) Between X  2Sand X  2S ? Determine the two values.
[2]
ii) Between X and X  2S ? And Below X  2S ? Determine the values.
[2]

g) What is an outlier? Is there any outlier in your data set “Selling prices of Homes?” Use formulae
to determine the outliers, if any. [Manually]. [3]
Exercise 2: Develop a Bar Diagram and also a Pie chart for the variable “Township”. Interpret both
the charts [2]
Exercise-3: a) Develop a 99 percent confidence interval for the mean selling price of the homes. And
interpret. [2+2=4]
b) Develop a 95 percent confidence interval for the mean size of homes. And interpret.

Submission Date and Time: on or before 20/12/2021 Midnight.

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