MMP321 2024 T1 - seminar questions - Week 3 (Topic 2)

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Deakin University *

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321

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Business

Date

Apr 3, 2024

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Uploaded by abby020389

MMP321 – Week 3 (Topic 2) Seminar Questions 1 Week 3 (Topic 2): Statistical Analysis of Property Markets Question 1: Open the Zetland dataset from CloudDeakin in Microsoft Excel (the 2022 A1 dataset). Describe the sort of data being provided. In your description think about:  What is this a sample of?  What is the timeframe of the data?  What kind of relationship should we expect between the variables?  From the above, is there missing data that could enrich the dataset? How would I go about attaining it? Question 2: Calculate and tabulate the descriptive statistics for the variable “sale price”. Question 3: Draw a histogram for the sale price data. What can you interpret from this diagram? Question 4: Examining the histogram below we can see that it is not normally distributed. How would you describe the distribution in this histogram and what may cause it?

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