Question: Based on your graphs and sample statistics, interpret the center, spread, shape, and any unusual characteristic (outliers, gaps, etc.) for house sales and square footage.

  1. Based on your graphs and sample statistics, interpret the center, spread, shape, and any unusual characteristic (outliers, gaps, etc.) for house sales and square footage.
  2. Compare and contrast the center, shape, spread, and any unusual characteristic for your sample of house sales with the national population. Determine whether your sample is representative of national housing market sales.

My Data:

Listing PriceSquare Footage
Mean$377,018Mean2437
Median$337,950Median2079
Standard Deviation$157,217Standard Deviation1273

"C:\Users\mdmcb\OneDrive\Misty's School\MAT-240\Module 4\Median List Price.jpg"

"C:\Users\mdmcb\OneDrive\Misty's School\MAT-240\Module 4\Median Square Footage.jpg"

National Summary Statistics:

Summary Statistics for MAT 240 Real Estate Data (for dataset in Modules 2, 3, and 4)
ColumnnMeanMedianStd. Dev.MinQ1Q3Max
Listing price ($)1,000342,365318,000125,914135,300265,250381,600987,600
Cost per square foot ($)1,0001691664171139191344
Square feet1,0002,1111,8819211,1011,6262,2156,516

"C:\Users\mdmcb\OneDrive\Misty's School\MAT-240\Module 4\National Listing Price.jpg"

"C:\Users\mdmcb\OneDrive\Misty's School\MAT-240\Module 4\National Square Footage.jpg"

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