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.
- 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.
- 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 Price | Square Footage | ||
| Mean | $377,018 | Mean | 2437 |
| Median | $337,950 | Median | 2079 |
| Standard Deviation | $157,217 | Standard Deviation | 1273 |
"C:\Users\mdmcb\OneDrive\Misty's School\MAT-240\Module 4\Median List Price.jpg"
"C:\Users\mdmcb\OneDrive\Misty's School\MAT-240\Module 4\Median Square Footage.jpg"
National Summary Statistics:
| Summary Statistics for MAT 240 Real Estate Data (for dataset in Modules 2, 3, and 4) | |||||||||
| Column | n | Mean | Median | Std. Dev. | Min | Q1 | Q3 | Max | |
| Listing price ($) | 1,000 | 342,365 | 318,000 | 125,914 | 135,300 | 265,250 | 381,600 | 987,600 | |
| Cost per square foot ($) | 1,000 | 169 | 166 | 41 | 71 | 139 | 191 | 344 | |
| Square feet | 1,000 | 2,111 | 1,881 | 921 | 1,101 | 1,626 | 2,215 | 6,516 |
"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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