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Statistics & Data Analysis : Assignment

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Added on  2020-03-23

Statistics & Data Analysis : Assignment

   Added on 2020-03-23

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STATISTICS AND DATAANALYSISWeekly Rent AnalysisSTUDENT ID:[Pick the date]
Statistics & Data Analysis : Assignment_1
STATISTICS AND DATA ANALYSISIntroductiona)The given case highlights a fictional situation involving a service company which caters tothose people who have come to Australia either temporarily or permanently. A pivotal servicethat the company provides constitutes accommodation which is difficult to find in Australiaespecially if there is a budget constraint. For providing suggestion to the customers in relationto weekly rent in various suburbs and the underlying patterns according to dwelling, a sampleconsisting of data on 500 properties have been provided which span across four suburbs i.e.Randwick, Sydney, Auburn & Parramatta. Also, for catering to the student community, astatistical analysis of the rent paid on the weekly basis has been carried out so as to provideprudent suggestions.b)The data obtained for international students weekly rent is primary data as the same has beencollected directly from the students and forms dataset 1. It is quite possible that this data isbiased as underlying sampling is not random and also the sample size taken is 20 which isquite small. In such a situation, there could be potential under or over representation of keyattributes which can distort the validity of the results obtained through statistical analysis. Ifthe given data had been collected from any source which had already collected this data, thenit would have been termed as secondary data which is not the case here. The key variable ofinterest is the weekly rent which essentially represents quantitative type of data and tends tohighlight a ratio measurement scale. The quantitative data type is apparent considering thenumerical values of rent.c)There is another dataset 2 which highlights the corresponding values of 500 observationswhich in turn is secondary data obtained from the “Rental Bond Board Property Data” whichis published by the ‘Department of Finance, Services and Innovation’. There are variousvariables in this dataset. The quantitative or numerical data are the bedroom number, bondamount along with weekly rent which are all measured using the ratio measurement scale.Besides, there are various qualitative or non-numeric data in the form of suburb and dwellingtype which are represented in the form of nominal measurement scale. The given dataset’sfirst five cases have been illustrated below.International Students’ Weekly Rent1
Statistics & Data Analysis : Assignment_2
STATISTICS AND DATA ANALYSIS(a)The descriptive analysis for weekly rent amount paid by International students ishighlighted below:The below highlighted histogram represents value of weekly rent amounts paid by internationalstudents 0to356356to411411to467467to522522to578578to633633to689689to744Morethan7440123456Histogram - Weekly Rent (International students (AUD)) Weekly rents of international students (AUD)FRequency(b)It is apparent from the descriptive analysis of weekly rent paid by the internationalstudents that the value of measures of central tendency (mean, median and mode) is not2
Statistics & Data Analysis : Assignment_3

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