Business Statistics | Assignment

Running head: BUSINESS STATISTICS
Business Statistics
Name of the Student
Name of the University
Author Note

1BUSINESS STATISTICS
Table of Contents
Answer 1:.........................................................................................................................................2
Answer 2:.........................................................................................................................................9
Answer 3:.......................................................................................................................................11
Answer 4:.......................................................................................................................................13
Answer 5:.......................................................................................................................................13
Answer 6:.......................................................................................................................................14
Answer 7:.......................................................................................................................................15
References......................................................................................................................................16

2BUSINESS STATISTICS
Answer 1:
a) The following are the variables from the data set which fall in the respective categories:
i) Qualitative and Normal variable: Address, Type, Agent and Address
ii) Qualitative and Ordinal variable: no variable
iii) Quantitative and Ratio variable: Price
iv) Quantitative and Ordinal variable: Bedrooms
b) The overall outcomes are shown in the following table:
Result Code Overall Outcome
PI, NB, VB Did not sell
SP, PN Sold prior to the auction
S,SN Sold at auction
SA,SS Sold after auction
W Withdrawn from sale

3BUSINESS STATISTICS
c) The four properties where the number of bedrooms is missing are as follows:
Suburbs Address of the properties
Kirribilli 49/20, Carabella Street
North Sydney 307/54, High Street
Manly 1/19 – 23, Pittwater Road
Darlington 9/299, Abercrombie Street
The two properties of the above four, which are errors, are as follows:
Suburbs Address Price Result
North Sydney 307/54, High Street NA PN
Darlington 9/299, Abercrombie
St.
NA PN
The two above properties are errors due to the reasons, discussed as follows:
i. Both the properties were sold before auction was conducted, which implies at the time of the
auction, the properties were no longer available.
ii) The prices of both the properties were not revealed in the data set.