MAT 240 Module Two Assignment Template (1)

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Southern New Hampshire University *

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240 APPLIE

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Economics

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Jan 9, 2024

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Selling Price and Area Analysis for D.M. Pan National Real Estate Company 1 Report: Selling Price and Area Analysis for D.M. Pan National Real Estate Company Mariah Poole Southern New Hampshire University

Selling Price and Area Analysis for D.M. Pan National Real Estate Company 2 Introduction Using the data provided in the Real Estate Data Spreadsheet, I have compiled the following report to analyze housing prices regarding square footage. Representative Data Sample For my random sample, I have chosen 30 areas from the Mountain Region, specifically Kootenai, ID- Carson City, NV, or cells 735-755. Mean: 1,978 Median: 1,953 Standard Deviation: 249 Data Analysis Since the region I chose was “mountain” from various states around the country instead of one specific state, we can safely assume this is a random sample, which compares to the mean and median of the national market but does not align with the Standard Deviation.

Selling Price and Area Analysis for D.M. Pan National Real Estate Company 3 Scatterplot 250,000 300,000 350,000 400,000 450,000 500,000 - 500 1,000 1,500 2,000 2,500 Chart Title Observe Patterns According to the graph above, if I had a house of 1,800 sf, I would list my home around $300,000 to be on par with the average. Any outliers above or below the regression line could be due to proximity. Any exceedingly high housing costs could be due to the cost of living in a thriving ski town as opposed to a small town with no amenities.

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