Gulf View Condominiums No Gulf View Condominiums

List Price Sale Price Days to Sell List Price Sale Price Days to Sell
495.0 475.0 130 217.0 217.0 182
379.0 350.0 71 148.0 135.5 338
529.0 519.0 85 186.5 179.0 122
552.5 534.5 95 239.0 230.0 150
334.9 334.9 119 279.0 267.5 169
550.0 505.0 92 215.0 214.0 58
169.9 165.0 197 279.0 259.0 110
210.0 210.0 56 179.9 176.5 130
975.0 945.0 73 149.9 144.9 149
314.0 314.0 126 235.0 230.0 114
315.0 305.0 88 199.8 192.0 120
885.0 800.0 282 210.0 195.0 61
975.0 975.0 100 226.0 212.0 146
469.0 445.0 56 149.9 146.5 137
329.0 305.0 49 160.0 160.0 281
365.0 330.0 48 322.0 292.5 63
332.0 312.0 88 187.5 179.0 48
520.0 495.0 161 247.0 227.0 52
425.0 405.0 149
675.0 669.0 142
409.0 400.0 28
649.0 649.0 29
319.0 305.0 140
425.0 410.0 85
359.0 340.0 107
469.0 449.0 72
895.0 875.0 129
439.0 430.0 160
435.0 400.0 206
235.0 227.0 91
638.0 618.0 100
629.0 600.0 97
329.0 309.0 114
595.0 555.0 45
339.0 315.0 150
215.0 200.0 48
395.0 375.0 135
449.0 425.0 53
499.0 465.0 86
439.0 428.5 158
 Gulf View Condominiums No Gulf View Condominiums
GV List Price GV Sale Price GV Days to Sell NGV List Price NGV Sale Price
495.0 475.0 130 217.0 217.0
379.0 350.0 71 148.0 135.5
529.0 519.0 85 186.5 179.0
552.5 534.5 95 239.0 230.0
334.9 334.9 119 279.0 267.5
550.0 505.0 92 215.0 214.0
169.9 165.0 197 279.0 259.0
210.0 210.0 56 179.9 176.5
975.0 945.0 73 149.9 144.9
314.0 314.0 126 235.0 230.0
315.0 305.0 88 199.8 192.0
885.0 800.0 282 210.0 195.0
975.0 975.0 100 226.0 212.0
469.0 445.0 56 149.9 146.5
329.0 305.0 49 160.0 160.0
365.0 330.0 48 322.0 292.5
332.0 312.0 88 187.5 179.0
520.0 495.0 161 247.0 227.0
425.0 405.0 149
675.0 669.0 142
409.0 400.0 28
649.0 649.0 29
319.0 305.0 140
425.0 410.0 85
359.0 340.0 107
469.0 449.0 72
895.0 875.0 129
439.0 430.0 160
435.0 400.0 206
235.0 227.0 91
638.0 618.0 100
629.0 600.0 97
329.0 309.0 114
595.0 555.0 45
339.0 315.0 150
215.0 200.0 48
395.0 375.0 135
449.0 425.0 53
499.0 465.0 86
439.0 428.5 158
w Condominiums GV Days to SellCount - GV Days to Sell
NGV Days to Sell 28-47 3
182 48-67 6
338 68-87 6
122 88-107 9
150 108-127 3
169 128-147 5
58 148-167 5
110 188-207 2
130 268-287 1
149 Total Result 40
114
120
61
146
137
281 Frequency of Days to sell of Non Gulf View Properties
20
63 18
18
48
16
52
14
12
10
8
6
4 3
2 2 2 2 2
2 1 1 1 1 1
0
48-57 58-67 108- 118- 128- 138- 148- 168- 178- 278- 328- Total
117 127 137 147 157 177 187 287 338 Result
 NGV Days to SeCount - NGV Days to Sell
48-57 2
58-67 3
108-117 2
118-127 2
128-137 2
138-147 1
148-157 2
168-177 1
178-187 1
278-287 1
328-338 1
Total Result 18

iew Properties
18

1 1 1

78- 278- 328- Total

87 287 338 Result
 Descriptive Statistics for Gulf View Condominiums

List Price Sale Price

Mean 474.0075 Mean 454.2225

Standard Error 31.1942925802675 Standard Error 30.43973
Median 437 Median 417.5
Mode 975 Mode 305
Standard Deviation 197.290029102672 Standard Deviation 192.5178
Sample Variance 38923.3555833333 Sample Variance 37063.09
Kurtosis 1.01132890682122 Kurtosis 1.183621
Skewness 1.09581463931 Skewness 1.159388
Range 805.1 Range 810
Minimum 169.9 Minimum 165
Maximum 975 Maximum 975
Sum 18960.3 Sum 18168.9
Count 40 Count 40
Confidence Level(95.0%) 63.0964123590772 Confidence Level(95.0%) 61.57016
 Days to Sell

Mean 106
Standard Error 8.256078
Median 96
Mode 85
Standard Deviation 52.21602
Sample Variance 2726.513
Kurtosis 2.022026
Skewness 1.077642
Range 254
Minimum 28
Maximum 282
Sum 4240
Count 40
Confidence Level(95.0%) 16.69949
Descriptive Statistics for No Gulf View Condominiums

List Price Sale Price

Mean 212.8056 Mean 203.1889

Standard Error 11.53651 Standard Error 10.34538
Median 212.5 Median 203.5
Mode 279 Mode 179
Standard Deviation 48.94528 Standard Deviation 43.89172
Sample Variance 2395.641 Sample Variance 1926.483
Kurtosis -0.08524 Kurtosis -0.464068
Skewness 0.543955 Skewness 0.304181
Range 174 Range 157
Minimum 148 Minimum 135.5
Maximum 322 Maximum 292.5
Sum 3830.5 Sum 3657.4
Count 18 Count 18
Confidence Level(95.0%) 24.33992 Confidence Level(95.0%) 21.82684
 Days to Sell

Mean 135
Standard Error 17.98402
Median 126
Mode #N/A
Standard Deviation 76.29972
Sample Variance 5821.647
Kurtosis 2.215301
Skewness 1.360547
Range 290
Minimum 48
Maximum 338
Sum 2430
Count 18
Confidence Level(95.0%) 37.94296
Comparison

List Price
Golf View No Golf View
Mean 474.0075 Mean 212.805555556
Standard Error 31.1942925803 Standard Error 11.5365134237
Median 437 Median 212.5
Mode 975 Mode 279
Standard Deviation 197.290029103 Standard Deviation 48.9452812389
Sample Variance 38923.3555833 Sample Variance 2395.64055556
Kurtosis 1.01132890682 Kurtosis -0.08523964022
Skewness 1.09581463931 Skewness 0.54395506109
Range 805.1 Range 174
Minimum 169.9 Minimum 148
Maximum 975 Maximum 322
Sum 18960.3 Sum 3830.5
Count 40 Count 18
Confidence Level(95.0%) 63.0964123591 Confidence Level(95.0%) 24.3399157352
Quartile 1 334.175 Quartile 1 181.55
Quartile 2 437 Quartile 2 212.5
Quartile 3 550.625 Quartile 3 238

1. The average list price of a golf view condonium is more than double of a non golf view
condonium

2. The variations in the list price of a golf view condonium is more than that of a non golf
view condonium
3. The range of values of list price for a golf view condonium is more than that of a non
golf view condonium

Inference:
1. The 25the, 50th and 75th quartile values dividing the data are greater in the case of list price and sales price wh
gulf view condominiums and in case of the days to sell, it is greater in the case of the No gulf view condominiums
2. The Gulf view condoniums are in higher demand as their selling price is more and they take less time to sell.
 Sale Price
Golf View No Golf View
Mean 454.2225 Mean 203.1888889
Standard Error 30.43973 Standard Error 10.34537846
Median 417.5 Median 203.5
Mode 305 Mode 179
Standard Deviation 192.5178 Standard Deviation 43.89172358
Sample Variance 37063.09 Sample Variance 1926.483399
Kurtosis 1.183621 Kurtosis -0.464068271
Skewness 1.159388 Skewness 0.30418061
Range 810 Range 157
Minimum 165 Minimum 135.5
Maximum 975 Maximum 292.5
Sum 18168.9 Sum 3657.4
Count 40 Count 18
Confidence Level(95.0%) 61.57016 Confidence Level(95.0%) 21.82684063
Quartile 1 314.75 Quartile 1 177.125
Quartile 2 417.5 Quartile 2 203.5
Quartile 3 522.875 Quartile 3 229.25

1. The average sale price of a golf view condonium is more than double of a
non golf view condonium

2. The variations in the sales price of a golf view condonium is more than that
of a non golf view condonium
3. The range of values of sale price for a golf view condonium is more than
that of a non golf view condonium

se of list price and sales price while valuing the

f the No gulf view condominiums
and they take less time to sell.
Days to Sell
Golf View No Golf View
Mean 106 Mean 135
Standard Error 8.256078 Standard Error 17.98402
Median 96 Median 126
Mode 85 Mode #N/A
Standard Deviation 52.21602 Standard Deviation 76.29972
Sample Variance 2726.513 Sample Variance 5821.647
Kurtosis 2.022026 Kurtosis 2.215301
Skewness 1.077642 Skewness 1.360547
Range 254 Range 290
Minimum 28 Minimum 48
Maximum 282 Maximum 338
Sum 4240 Sum 2430
Count 40 Count 18
Confidence Level(95.0%) 16.69949 Confidence Level(95.0%) 37.94296
Quartile 1 71.75 Quartile 1 74.75
Quartile 2 96 Quartile 2 126
Quartile 3 136.25 Quartile 3 149.75

1. The average no of days to sell a golf view condonium is less than a non golf
view condonium

2. The variations in the no of days to sell a golf view condonium is more than
that of a non golf view condonium
3. The range of no of days to sell a golf view condonium is less than that of a
non golf view condonium
Descriptive Statistics for Gulf View Condominiums

Sale Price Days to Sell

Mean 454.2225 Mean 106

Standard Error 30.43973 Standard Error 8.256078
Median 417.5 Median 96
Mode 305 Mode 85
Standard Deviation 192.5178 Standard Deviation 52.21602
Sample Variance 37063.09 Sample Variance 2726.513
Kurtosis 1.183621 Kurtosis 2.022026
Skewness 1.159388 Skewness 1.077642
Range 810 Range 254
Minimum 165 Minimum 28
Maximum 975 Maximum 282
Sum 18168.9 Sum 4240
Count 40 Count 40
Confidence Level(95.0%) 61.57016 Confidence Level(95.0%) 16.69949

Interval Estimate: Interval Estimate

UL 515.7927 UL 122.6995
LL 392.6523 LL 89.30051

Interpretation:
1. We are 95% confident that the average sales price for the population of 40 golf view condoniums lies between $3,9
2. We are 95% confident that the average number of days taken to sell a population of 40 golf view condoniums is be
 condoniums lies between $3,93,652 and $5,15,792 .
40 golf view condoniums is between 89.3 to 122.7 days .
Descriptive Statistics for No Gulf View Condominiums

Sale Price Days to Sell

Mean 203.1889 Mean 135

Standard Error 10.34538 Standard Error 17.98402
Median 203.5 Median 126
Mode 179 Mode #N/A
Standard Deviation 43.89172 Standard Deviation 76.29972
Sample Variance 1926.483 Sample Variance 5821.647
Kurtosis -0.464068 Kurtosis 2.215301
Skewness 0.304181 Skewness 1.360547
Range 157 Range 290
Minimum 135.5 Minimum 48
Maximum 292.5 Maximum 338
Sum 3657.4 Sum 2430
Count 18 Count 18
Confidence Level(95.0%) 21.82684 Confidence Level(95.0%) 37.94296

Interval Estimate: Interval Estimate

UL 225.0157 UL 172.943
LL 181.362 LL 97.05704

Interpretation:
1. We are 95% confident that the average sales price for the population of 18 non golf view condoniums lies between
2. We are 95% confident that the average number of days taken to sell a population of 18 non golf view condoniums
ew condoniums lies between $1,81,362 and $2,25,016 .
8 non golf view condoniums is between 97 to 173 days .
Sample size for Golf View Condonium

Desired Margin of Error (price is in thousands of dollars) = 40

Confidence level = 95%
Z(0.025) = 1.96
Sample Standard Deviation for Selling Price (refer Tab
"question 1" for details) = 192.5178

Sample size = 88.98851

Therefore, the recommended sample size for Golf View Condonium is 89.

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Sample size for Non Golf View Condonium

Desired Margin of Error (price is in thousands of dollars) = 15

Confidence level = 95%
Z(0.025) = 1.96
Sample Standard Deviation for Selling Price (refer Tab
"question 2" for details) = 43.89

Sample size = 32.88977

Therefore, the recommended sample size for Golf View Condonium is 33.
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New Listings

Golf View Condonium

List Price (price is in thousands of dollars) = 589000

Mean List price (refer Tab "question 1") 474.0075

Mean Sale price (refer Tab "question 1") 454.2225
Difference 19.785

Sales Price is lesser than its list price by: 0.04174

Sales Price is lesser than its list price by (%): 4.173985

Estimated Selling Price ($) = 564415.2

Number of days required to sell is the mean of days to sell, i.e, 106 days

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No Gulf View Condominium

List Price (price is in thousands of dollars) = 285000

Mean List price (refer Tab "question 2") 212.8

Mean Sale price (refer Tab "question 2") 203.1889
Difference 9.6111

Sales Price is lesser than its list price by: 0.045165

Sales Price is lesser than its list price by (%): 4.516494

Estimated Selling Price ($) = 272128

Number of days required to sell is the mean of days to sell , i.e, 135 days