Business Statistics: Comprehensive Analysis of Housing Market Trends

This report presents a comprehensive business statistics analysis of housing market data. The analysis begins with data cleaning to address discrepancies such as missing bedroom information and 'N/A' price values. The cleaned data is then used to calculate various statistics, including frequency distributions of house prices, which are categorized into class widths. Probability distribution charts are prepared to visualize price ranges and the percentage of houses within each range. The report also analyzes property types, including houses, studios, townhouses, and units, calculating descriptive statistics like mean and standard deviation for both sorted and unsorted data. Frequency tables and bar charts are used to illustrate the distribution of property types and their relationship to result categories. A histogram is provided to represent the distribution of bedrooms. Furthermore, probability distribution tables are created to correlate result types with property types, providing insights into market trends and property characteristics. The report provides a thorough examination of the dataset, offering valuable insights into the housing market.