Which means that the houses variation in price is high and it may happened

# Which means that the houses variation in price is

This preview shows page 2 - 3 out of 3 pages.

Which means that the houses variation in price is high and it may happened because of squares feet of the house varies a lot, or expensive houses have some features like: pools, jakuzzi, solar panels. The difference between highest and lowest Days to Sell LV is 178 days. . The difference between highest and lowest listed prices on the Not Lake View houses is \$174.000 which means that the listed prices on Not Lake view houses vary within \$174.000. And it is 290 days of variation to sell Not Lake View houses for the sales price that varies within \$157.000. From what we learned the price range on LV houses is \$680.000 which means that the is a big difference in price on Lake View houses . But on average Lake View houses are selling on 30 days faster(then Not Lake view houses ) with the higher average price. We would recommend to reinstate company to focus more on Lave View houses if they want to increase their commission but still work with Not lake View houses to not lose the clients. As well as to collect more data on how many of Lake view houses’ have features like: pool, spa, solar panel and square feet , and how many days it takes to sell the house with the certain feature. With additional information we could do analyses which type house’s feature make it more desirable for the clients , as well as help realeste company to narrow focus and help to define company's marketing dollars spending in the most profitable way. C) Based on the sample of the mean of \$469.389 we are 95% confident that the average of the sales price of the LV houses for the population of “ Lake View Homes” company is between \$363.972 and \$538.917. Based on the sample of the mean of 104.33 days we are 95% confident that the average of the days to sale the LV houses for the population of the company is between 80.29 and 128.37 days.
Based on the sample of the mean of \$203.189 we are 95% confident that the average of the sales price of the NLV houses for the population of “ Lake View Homes” company is between \$ 188.47 and \$237.15 Based on the sample of the mean of 135 days we are 95% confident that the average of the days to sale the NLV houses for the population of the company is between 97 and 173 days.

#### You've reached the end of your free preview.

Want to read all 3 pages?