Would help a real estate agent understand condominium market


Assignment:

1. Gulf Real Estate Properties, Inc., is a real estate firm in southwest Florida. The company monitors condominium sales by collecting data on location, list price, sale price, and the number of days it takes to sell each unit. Each condo is classified as Gulf View if it is located directly on the Gulf of Mexico or No Gulf View if it is located on the bay or a golf course. The data set contains sales data for 40 Gulf View and 18 No Gulf View condos. Gulf View condos are denoted by "1" in the Gulf View column, whereas No Gulf View condos are denoted by "O". Prices are in thousands of dollars.

2. Create a box plot for each of the three variables, with Gulf View and No Gulf View condos represented by a separate box. Compare the distributions between the two groups along with the statistics in question (1). Discuss any specific statistical results that would help a real estate agent understand the condominium market.

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