Chapter 1 1. Assume that you collected the sales data (see below) on homes listed and sold in Brandon and Winnipeg Model/Type Markets Listing (8) Sale Price (s) Two-Storey Brandon 490,000 520,000 Bungalow Winnipeg 520,000 529,000 Two-Storey Winnipeg 620,000 645,000 Bungalow Winnipeg 519,000 519,000 Bungalow Brandon 380,000 415,000 Bungalow Winnipeg 515,000 545,000 Two-Storey Brandon 508,000 510,000 Two-Storey Winnipeg 630,000 635,000 Required Based on the data provided: a. What is the average listing price for two-storey homes in Winnipeg? b. What is the average selling price of bungalows in Brandon? c. What would you conclude about the average selling price of homes in the two markets? 2. The table below shows the residential active listings in Manitoba. Generate a time series plot of the data with year on the horizontal axis and number of listings on the vertical axis. What does the time series plot indicate about the residential listing trend in Manitoba? Year Number of listings 2012 2200 2013 2500 2014 3000 2015 3800 2016 3100 2017 2900 2018 3500 2019 4050 2020 2400 2021 2050