Assume the branch manager requested estimates of the mean selling price of Gulf View condominiums with a margin of error of $40,000 and the mean selling price of No Gulf View condominiums with a margin of error of $15,000. Using 95% confidence how large should the sample sizes be?
7.Gulf Real Estate Properties just signed contracts for two new listings: a Gulf View condominium with a list price of $589,000 and a No Gulf View condominium with a list price of $285,000. What is your estimate of the final selling price and number of days required to sell each of these units?
Descriptive Statistics for the three variables of the 40 Gulf View Condominiums List PriceMean474.0075Standard Error31.19429258Median437Mode975Standard Deviation197.2900291Sample Variance38923.35558Kurtosis1.011328907Skewness1.095814639Range805.1Minimum169.9Maximum975Sum18960.3Count40Confidence Level(95.0%)63.09641236Sale PriceMean454.245Standard Error30.44903812Median417.5Mode305