Question 1 The price of housing on the Island of Montreal changes on a yearly basis....
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Question 1 The price of housing on the Island of Montreal changes on a yearly basis. Your supervisor would like an update on the situation and has asked you to provide him with a comparison of the current price of condominiums in three boroughs. These boroughs and their corre- sponding abbreviations are Lachine (LAC), Outremont (OUT) and Rosemont/Petite-Patrie (RPP). The prices of condominiums are presented below as well as the boxplot of the observa- tions. Table 1: Price of Condominiums Borough Price (x 1,000$) LAC 403.6 LAC 503.6 LAC 562.9 LAC 452.3 OUT 559.2 OUT 616.0 OUT 507.2 OUT 728.4 RPP 652.5 RPP 511.2 RPP 447.5 RPP 586.0 Price (x 1,000$) 400 500 600 700 T LAC OUT RPP Boroughs The next three tables provide calculations that can be used to answer the question. Table 2: First Set of Calculations Borough Mean price Variance of price LAC 480.6 4,680.6 OUT 602.7 8,997.3 RPP 549.3 7,938.1 Table 3: Second Set of Calculations Borough Mean price Overall mean | ( ) ( ) | () - LAC 480.6 544.2 -63.6 4,043.0 OUT 602.7 544.2 58.5 3,422.2 RPP 549.3 544.2 5.1 25.9 Sums 1,632.6 1,632.6 0.0 7,491.0 Table 4: Third Set of Calculations Borough Price Overall mean (xij T) | (Lij ) - LAC 403.6 544.2 -140.6 19,775.9 LAC 503.6 544.2 -40.6 1,645.8 LAC 562.9 544.2 18.7 350.9 LAC 452.3 544.2 -91.9 8,441.2 OUT 559.2 544.2 15.0 224.2 OUT 616.0 544.2 71.8 5,159.0 OUT 507.2 544.2 -37.0 1,368.9 OUT 728.4 544.2 184.2 33,928.6 RPP 652.5 544.2 108.3 11,732.8 RPP 511.2 544.2 -33.1 1,092.6 RPP 447.5 544.2 -96.7 9,348.2 RPP 586.0 544.2 41.8 1,744.2 Sums 6,530.5 6,530.5 0.0 94,812.1 Question 1 The price of housing on the Island of Montreal changes on a yearly basis. Your supervisor would like an update on the situation and has asked you to provide him with a comparison of the current price of condominiums in three boroughs. These boroughs and their corre- sponding abbreviations are Lachine (LAC), Outremont (OUT) and Rosemont/Petite-Patrie (RPP). The prices of condominiums are presented below as well as the boxplot of the observa- tions. Table 1: Price of Condominiums Borough Price (x 1,000$) LAC 403.6 LAC 503.6 LAC 562.9 LAC 452.3 OUT 559.2 OUT 616.0 OUT 507.2 OUT 728.4 RPP 652.5 RPP 511.2 RPP 447.5 RPP 586.0 Price (x 1,000$) 400 500 600 700 T LAC OUT RPP Boroughs The next three tables provide calculations that can be used to answer the question. Table 2: First Set of Calculations Borough Mean price Variance of price LAC 480.6 4,680.6 OUT 602.7 8,997.3 RPP 549.3 7,938.1 Table 3: Second Set of Calculations Borough Mean price Overall mean | ( ) ( ) | () - LAC 480.6 544.2 -63.6 4,043.0 OUT 602.7 544.2 58.5 3,422.2 RPP 549.3 544.2 5.1 25.9 Sums 1,632.6 1,632.6 0.0 7,491.0 Table 4: Third Set of Calculations Borough Price Overall mean (xij T) | (Lij ) - LAC 403.6 544.2 -140.6 19,775.9 LAC 503.6 544.2 -40.6 1,645.8 LAC 562.9 544.2 18.7 350.9 LAC 452.3 544.2 -91.9 8,441.2 OUT 559.2 544.2 15.0 224.2 OUT 616.0 544.2 71.8 5,159.0 OUT 507.2 544.2 -37.0 1,368.9 OUT 728.4 544.2 184.2 33,928.6 RPP 652.5 544.2 108.3 11,732.8 RPP 511.2 544.2 -33.1 1,092.6 RPP 447.5 544.2 -96.7 9,348.2 RPP 586.0 544.2 41.8 1,744.2 Sums 6,530.5 6,530.5 0.0 94,812.1
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