DB Week #6

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Apr 3, 2024

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DB Week #6 To statistically compare the means of the houses with a pool and the houses without a pool, I used the descriptive statistics feature in excel. The means of two data sets are $231,485.08 (with pool) and $202,797.37 (without pool). While the two means are of similar value, there is a $28,687.71 difference in the mean selling price of the two categories of homes. For the houses that contain a pool, the sample size was 67 and had a standard deviation of $50,569.3381, which is quite large. On the other hand, for the houses that do not have a pool, the sample size was 38, with a standard deviation of $33,705.06006. Using statistics to calculate the means of the selling prices of homes with and without a pool is important for realtors. The information is a good indicator of whether or not the pool is increasing or decreasing the home's value. The $28,687.71 may be desirable for realtors, but “having a pool on your property will increase your home's liability, and that will probably raise your home insurance fees,” which can be a disadvantage when trying to sell a house (Williams, 2018, para. 12). Realtors can use this statistical information to help serve their clients. God tells us to serve each other, and one way that realtors can do this is through honestly informing clients on the liabilities and additional costs of a home with a pool compared to a home without a pool. From my perspective, I think that aiming satisfying customers through integrity and honesty should be a realtor’s goal. “Stewardship is the commitment of one’s self and possessions to God’s service, recognizing that we do not have the right of control over our property or ourselves” (Whelchel, 2012, para. 8). Since God provides us with resources, we need to steward them for the benefits of others. Descriptive statistics is one of these resources. When used correctly and honestly, statistics would benefit those that you are helping. “God calls you to

steward everything about your life for his glory and the good of others” (Wisnewski, 2020, para. 13). Psalm 24:1 states, “The earth is the Lord’s, and everything in it, the world, and all who live in it” (NIV). References Whelchel, H. (2012, November 26). Four principles of biblical stewardship. Institute for Faith, Work, and Economics. https://tifwe.org/four-principles-of-biblical-stewardship/ Williams, T. (2018, September 11). Does a pool add value to a home? Diving into the pros and cons. National Association of Realtors. https://www.realtor.com/advice/buy/does-an-in- ground-pool-add-value-to-a-house/ Wisnewski, J. (2020, May 5). 3 powerful examples of stewardship in the bible. Tithe.ly. https://get.tithe.ly/blog/stewardship-bible

Matthew, I enjoyed your section describing the importance of descriptive statistics and stewardship. I would like to add that descriptive statistics are important for visualizing data sets and presenting data in a meaningful way (Pizarro, 2015). Descriptive statistics provide measures of central tendency, which display the middle of a frequency distribution, and it provides measures of spreads of data (Pizarro, 2015). Descriptive statistics help in summarizing data so that it is easier to understand and analyze. For example, descriptive statistics can provide organizations such as churches and ministries with insight into areas that need improvement in their organization. Since God provides us with these tools, we should use them to fellowship and lead others to Christ. “All Scripture is breathed out by God and profitable for teaching, for reproof, for correction, and for training in righteousness” (2 Timothy 3:16, ESV). References Pizarro, H. (2015, February 20). What is the importance of descriptive statistics? Socratic.org. https://socratic.org/questions/what-is-the-importance-of-descriptive-statistics

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Hello Natasha, That was a very interesting discussion about sentimental property. “Biblical stewardship is often referred to as ‘whole-life stewardship’ because God calls us to be good stewards of every area of our lives” (Linscheid, n.d., para. 5). Thus, our spiritual gifts, a God-given ability for service, is an area of our lives in which we are to be stewards. The resources that God provides us, including statistical resources, can be used to serve those around us and glorify the Lord. God is the ultimate owner of all resources, opportunities, and talents; therefore, “it is our duty to see the value of the things God gives us and to put them to work in their highest and best uses according to God’s standards” (Center for Christianity in Business, 2015, para. 9). Resources Center for Christianity in Business. (2015, August 31). The core values of stewardship. Houston Baptist University. https://hbu.edu/center-for-christianity-in-business/2015/08/31/the- core-value-of-stewardship/ Linscheid, R. (n.d.). Stewardship bible studies. Covenant Publications. http://covchurch.org/wp- content/uploads/sites/2/2010/08/Stewardship-Bible-Study.pdf

DB Week #6

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