STT100 Statistical Methods for Business

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Statistics For Business (STT100)

Added on 2020-02-24

STT100 Statistical Methods for Business

Statistics For Business (STT100)

Added on 2020-02-24

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Running Head: BUSINESS ANALYSISBusiness AnalysisName of the studentName of the universityAuthor’s note

STT100 Statistical Methods for Business_1

1BUSINESS ANALYSISTable of ContentsIntroduction......................................................................................................................................2Research Questions..........................................................................................................................3Statistical Methods...........................................................................................................................4Technical Analysis...........................................................................................................................5Results and Discussion....................................................................................................................6Reference.........................................................................................................................................8

STT100 Statistical Methods for Business_2

2BUSINESS ANALYSISIntroductionIn this assignment we analyze the real estate agency of John Hikins and George Main.They are in the process of opening a new adventure. According to the data provided by the realagency the company has sold 48 houses last year. The company has sold 10 houses each atBelton, Hills and Terratae. In addition, they have sold 11 houses at Domaine and another 7houses at Mount. They have sold 3 houses each with 8 and 9 bedrooms at Domaine. All housessold at Domaine had 6 or more bedrooms. At Belton the houses had between 1 and 4 bedrooms.The houses at Hills had between 1 and 3 bedrooms. Table 1: BedroomsCity 123456789TotalBelton126110Domaine143311Hills45110Mount22217Terratae333110Grand Total1010103225334819 of the houses had only 1 bathroom. Some of the houses sold at Domaine had between7 to 10 bathrooms. Table 2: BathroomsCity11.522.533.5478910GrandTotalBelton441110Domaine121123111Hills7310Mount41117Terratae432110Grand Total191122412123148The average price of the houses sold last year is $700k. The highest prices of the housessold were from Domaine ($1603k) and the lowest prices were from Hills ($137k). The minimumprice of a house sold was from Hills ($200k) and the maximum price was from sold fromDomaine ($1900k). The average final sale price for last year is $752.71k. The maximum and minimumaverage final sale price was for Domaine City ($1771.64k) and Hills ($150.30k) respectively.

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3BUSINESS ANALYSISThe minimum final sale price for a house was from Hills ($101k). The maximum final sale pricefor a house was from Domaine ($2266k).Table 3: Listed Price ($000)CityAverageStandardDeviationMinMaxCountBelton422.80163.9325071910Domaine1603.45267.611028190011Hills137.5021.9210016610Mount445.71205.252008007Terratae727.00284.53400135010Grand Total700.65570.83100190048Table 4: Final Sale ($000)CityAverageStandard DeviationMinMaxBelton441.10155.53254791Domaine1771.64368.0012412266Hills150.3034.37101201Mount513.29256.59216964Terratae713.50238.243271148Grand Total752.71634.561012266The average expenditure on advertising by the real estate firm last year was $37.69k. Themaximum and minimum advertising expenditure was for Domaine City ($128k) and Hills City($3k) respectively. The firm spent an average advertising expenditure of $37.69k. The averageadvertising expenditure for Domaine City was the highest at $77.64k. The average advertisingexpenditure for Hills City was the lowest at $9.80k. Table 5: Advertising Expenditure ($000)CityAverageStandardDeviationMinMaxBelton25.8017.17869Domaine77.6434.7821128Hills9.804.18315Mount32.1419.311268Terratae37.4014.181659Grand Total37.6931.253128

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STT100 Statistical Methods for Business