MBA-FP6018_KmetzDesiree_DescriptiveStatistics.docx - 1...

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2 DESCRIPTIVE STATISTICS Case Study Joe, the best real estate agent living and working in southern Florida is looking at a different way in gathering information on the most important aspects of home sales. He is looking for graphs and numbers to see where Florida is standing as far as a home’s price, size, number of bathrooms, the niceness rating, and whether the home has a pool. All these different aspects of what comes with a home are important to the average homebuyer. If Joe can get good data on these things, he will be able to assist his clients and help grow the southern Florida area with more people looking for homes. Mean, Median, Range, Standard Deviation and Mode Florida Pool Home Data Home Price ($1000s) Size (Square Feet) Number of Bathrooms Mean 253.321 2812.51 Median 249.7 2799 Range 177.4 1453 Standard Deviation 37.212 290.450 Mode 2.5 Based on the information given for the home price, size and number of bathrooms, the mean, median, range, standard deviation and mode were computed to better understand the 80 properties on Joe’s list.
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  • Summer '15
  • WendyAchilles
  • Business

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