The purpose of this assignment is to conduct descriptive statistical analysis and introduction to

inferential statistics.

arranged

Reference the "SYM-506 North Valley Real Estate Case Study Variables” resource, which defines the
variables, and the “SYM-506 North Valley Real Estate Case Study Data Set” Excel spreadsheet,
provided in the Class Resource called "SYM-506 North Valley Real Estate Case Study," to complete
the assignment.

Utilize the statistical analysis methods and concepts you have learned thus far in the course to
address the following questions in an Excel spreadsheet and a Word document. Additionally
summarize your findings from each exercise in a brief summary. You will submit both the Excel
spreadsheet with your analysis and the Word document with your summaries.

This assignment will be integrated into the final paper for the case study project in Topic 8, which will
require APA formatting for the tables, charts, and graphs developed in this Part 1 assignment.

Exercise 1: Describing Data – Mean, Median, Range, and Standard Deviation

Analyze the following utilizing the Descriptive Statics in Excel with the Data Analysis ToolPak. Refer to
"Use the Analysis ToolPak to Perform Complex Data Analysis," located in the the topic Resources, for
help with integrating the ToolPak in Excel. Briefly summarize your findings in a paragraph.

 (a) Analyze the mean and median Price (market price in dollars) of the data. Discuss
around what values do the data tend to cluster. Discuss whether one measure is more
representative of the typical Price (market price in dollars) than the others.

(206464 + 346150 + … + 241920)/105 = 357026.5

Median = 323417

 (b) Analyze the range of the Price (market price in dollars) and determine the standard
deviation. Discuss which two values that 95% of the Price (market price in dollars) fall
between. Discuss whether the standard deviation is a useful statistic for describing the
dispersion of the Price (market price in dollars ).

Exercise 2: Describing Data – Box and Whisker and Scatter Charts

Analyze the following using box and whisker charts and scatter charts in Excel. Briefly summarize
your findings in a paragraph.

 (a) Compute the minimum, maximum, median, as well as the first and third quartiles for the
Price (market price in dollars). Create a box and whisker chart and comment on the
distribution of the Price (market price in dollars).
 (b) Develop a scatter chart with the Price (Market price in dollars) on the vertical axis and
the Size (livable square feet of the property) of the home on the horizontal axis. Discuss
whether there is a relationship between the variables and whether that relationship is direct
or indirect.

Exercise 3: Two-Sample Tests of Hypothesis

For the following exercise, state the null and alternative hypotheses, determine the correct test
statistic, formulate the decision rule, and interpret the results. Summarize the questions in a brief
paragraph.

 (a) At the .05 significance level, can you conclude that there is a difference in the mean
selling Price (market price in dollars) of homes with a pool and homes without a pool?
 (b) At the .05 significance level, can you conclude that there is a difference in the mean Price
(market price in dollars) of homes with an attached garage and homes without an attached
garage?

General Requirements

Submit both the Excel spreadsheet showcasing the statistical analysis and the summaries in the Word
document.

[9/29 2:28 PM] Tomi Adel

The purpose of this assignment is to conduct inferential statistical analysis and interpret the results.

Recall in Part 1 of the case study you performed descriptive analysis for the project referring to the
historical data for the market/selling price of the homes. For Part 2 of the case study project, you will
leverage inferential statistics to estimate the market price, or future selling price, of the homes. The
variable name will remain Price.

Reference the "SYM-506 North Valley Real Estate Case Study Variables” resource, which defines the
variables, and the “SYM-506 North Valley Real Estate Case Study Data Set” Excel spreadsheet,
provided in the Class Resource called "SYM-506 North Valley Real Estate Case Study," to complete
the assignment.

Utilize the statistical analysis methods and concepts you have learned thus far in the course to
address the following questions in an Excel spreadsheet. Additionally summarize your findings from
each exercise in a brief summary. You will submit both the Excel spreadsheet with your analysis and
Word document with your summaries.
This assignment will be integrated into the final paper for the case study project in Topic 8, which will
require APA formatting for the tables, charts, and graphs developed in this Part 2 assignment.

Exercise 1: Correlation and Linear Regression

For the following exercise, characterize the relationship of the variables and interpret the F-test for
the regression model. Using the p-value approach, determine whether the null hypothesis for the F-
test is rejected or not. Discuss why or why not. Interpret the implication of these findings for the
model.

 (a) Can you determine any correlation between the independent variables Days (number of
days the property is on the market) and the Price (market price in dollars)? Similarly, are
the Size (livable square feet of the property) and the Price (market price in dollars)
correlated? Use the .05 significance level. State the p-value of the test.
 (b) With the Price (market price in dollars) as the dependent variable and the Size (livable
square feet of the property) of the home as the independent variable, determine the
regression equation and interpret the confidence level, precision, and reliability of the
sample. Using the regression model, forecast the future market Price for a home with a
livable area of 2,200 square feet. Determine the 95% prediction interval for the market price
of a home with a livable area of 2,200 square feet.

Exercise 2: Multiple Regression Analysis

Conduct the following analyses using the Price (market price in dollars) as the dependent variable,
determine the regression equation with the Bedrooms (number of bedrooms), Size (livable
square feet of the property), Township (area the property is located), and the Baths (number of
bathrooms) as independent variables.

 (a) Develop a correlation matrix and discuss which independent variables have strong or
weak correlations with the dependent variable. Utilize these results to discuss any issues with
problems with the multicollinearity.
 (b) Use Excel to determine the multiple regression equation. Discuss how you selected the
variables to include in the equation. Your regression equation should demonstrate a
significant relationship. Report and interpret the R-square.
 (c) Using your results from Question (b) evaluate the addition of the variables; Pool (1 = yes,
0 = no), and attached Garage (1 = yes, 0 = no). Report your results and conclusions.
 (d) Develop a histogram of the residuals from the final regression equation developed
in Question (c). Is it reasonable to conclude that the normality assumption has been met?
 (e) Plot the residuals against the fitted values from the final regression equation developed
in Question (c). Plot the residuals on the vertical axis and the fitted values on the horizontal
axis.

General Requirements

Submit both the Excel spreadsheet showcasing the statistical analysis and the summaries in the Word
document.
[9/29 2:29 PM] Tomi Adel

PART 3:
The purpose of this assignment is to interpret your statistical findings to improve business decision
making.

Using the statistical analysis and summarized results from Part 1 and Part 2 of the North Valley Real
Estate Case Study, finalize your findings and interpretations in a formal 1,000-word report, not
including a title page or reference list. A minimum of five references from the spectrum of academic
sources (books, magazines, journals, periodicals, newspapers, videos, etc.) is required. Reference the
"North Valley Real Estate Case Study Final Report Template," provided in the Class Resource called
"SYM-506 North Valley Real Estate Case Study," for assistance with completing your final report in
APA style.

Your final report should include the following sections:

Introduction:

 Describe the background of the company, including the key data and variables, and state the
purpose of the analysis.

Analysis:

 Include the descriptive and inferential statistical analysis you conducted in Part 1 and Part 2
of the assignment using the company's data.
 Include tables, charts, and graphs in APA format:
 Provide the results in a brief summary in this section. Tables are useful.

Interpretation of Results:

 Interpret your findings to improve business decision making and increase profitability and
business activities for North Valley Real Estate.
 Include a discussion of the real estate industry and the impacts that influence the health,
viability, and success of the real estate marketplace.

Conclusion:

 In the conclusion of your paper, include a brief statement reflecting on what you feel you
have learned from the assignment and how that learning may be applied to your life or work
going forward.
 Discuss any Christian worldview or ethical implications in using and presenting statistics to
make business decisions.

[9/29 6:56 PM] Tomi Adel

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[9/29 6:59 PM] Tomi Adel

so this is for the third final assignment,

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