Week 13 Excel Lab #5 – Relationships in Real Estate
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School
Wilmington University *
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Course
361
Subject
Statistics
Date
Jan 9, 2024
Type
xlsx
Pages
3
Uploaded by brianesivels17
Student Name:
Property Taxes
Size
21928
2449
17339
2479
18229
1890
15693
1000
43988
5665
33684
2573
15187
2200
16706
1964
18225
2092
16073
1380
15187
1330
36006
3016
31043
2876
42007
3334
14398
1566
38968
4000
25362
4011
22907
2400
16200
3565
29235
2864
16745
1010
43900
5602
35478
2698
15333
2189
16699
2005
18440
2090
Raw Data: randomly select 10
homes from the list below and
copy/paste them into the second
sheet called "sample data"
Size
1
21928
2449
2
17339
2479
Correlation Coefficient
0.87861859
3
18229
1890
Hypothesis Test
4.899119E-05
4
15693
1000
5
43988
5665
6
33684
2573
7
15187
2200
8
16706
1964
9
18225
2092
10
16073
1380
Paste the random sample of data
from 10 homes below
Random
Sample
Property
Taxes
Use Excel functions/tools to calculate the correlation
Excel to generate a scatterplot with a linear regression
1
100
200
300
400
500
600
Size
coefficient, the value of the test statistic, and p-value. Also use
n line. Paste these results on this sheet.
10000
15000
20000
25000
30000
35000
40000
45000
50000
0
00
00
00
00
00
00
Property Taxes
Your preview ends here
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3870
4470
4060
4540
3880
4030
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4130
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4480
4060
4340
4220
3870
4160
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Probability:Question 10
A baby born in 2011 is randomly selected.
What is the probability that the baby was born in March?
2013
322
Select one:
.083
830
065
041
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How long does it take to finish the 1161-mile Iditarod Dog Sled Race from Anchorage to Nome, Alaska? Finish times (to the nearest
hour) for 57 dogsled teams are shown below.
261 271 236 244 279 296 284 299 288
288 247 256 338 360 341 333 261 266
287 296 313 311 307 307 299 303 277
283 304 305 288 290 288 289 297 299
332 330 309 328 307 328 285 291 295
298 306 315 310 318 318 320 333 321
323 324 327
USE SALT
For this problem, use five classes.
(a) Find the class width.
25
236
261
286
311
336
(b) Make a frequency table showing class limits, class boundaries, midpoints, frequencies, relative frequencies, and cumulative
frequencies. (Round your relative frequencies to two decimal places.)
Class Limits
Class Boundaries Midpoint Frequency
I
I
I
-
260
285
310
335
360
-
Relative Cumulative
Frequency Frequency
arrow_forward
How long does it take to finish the 1161-mile Iditarod Dog Sled Race from Anchorage to Nome, Alaska? Finish times (to the nearest hour) for 57 dogsled teams are shown below.
261
271
236
244
279
296
284
299
288
288
247
256
338
360
341
333
261
266
287
296
313
311
307
307
299
303
277
283
304
305
288
290
288
289
297
299
332
330
309
328
307
328
285
291
295
298
306
315
310
318
318
320
333
321
323
324
327
For this problem, use five classes.
(a) Find the class width.
(b) Make a frequency table showing class limits, class boundaries, midpoints, frequencies, relative frequencies, and cumulative frequencies. (Give relative frequencies to 2 decimal places.)
Relative
Cumulative
Class Limits
Class Boundaries
Midpoint Frequency
Frequency
Frequency
arrow_forward
662
775
779
797
822
824
833
842
846
851
852
860
860
864
864
865
866
867
878
879
885
887
896
899
901
903
903
906
907
910
911
912
915
916
927
928
930
934
934
938
940
942
944
947
948
949
957
960
962
972
974
975
977
978
978
980
980
982
983
986
987
989
991
991
995
996
1000
1004
1006
1009
1014
1021
1027
1028
1028
1030
1033
1036
1036
1040
1041
1045
1050
1052
1056
1065
1067
1069
1069
1071
1078
1088
1097
1112
1118
1122
1123
1139
1148
983
Data above represents the average rent for 100 randomly selected U.S cities. According to www.apartments.com, the average rent for a two-bedroom apartment in the city of Napa is $1,967. How do other U.S cities' rents compare to Napa? Are they about the same, on average, or are significantly lower elsewhere?
a. To test this hypothesis, two assumptions must be checked. One is that the sample data needs to be normally distributed. How do we know right away that this assumption is satisfied?
b. What is the other assumption that needs to be…
arrow_forward
The health of the bear population in a park is monitored by periodic measurements taken from anesthetized bears. A sample of the weights of such bears is available below. Use a single value to estimate the
mean weight of all such bears. Find a 95% confidence interval estimate of the mean of the population of all such bear weights.
Click the icon to view the table of bear weights.
.....
The estimate of the population of all such bear weights is
(Round to one decimal place as needed.)
pounds,
Find the 95% confidence interval for the mean of the population of all such bear weights.
pounds
arrow_forward
[696,716,3244,4340,4555,6073,8550,8553,9312,10226,11004,16256,16894,20257,20573,21166,21568,22577,22835,24472,24637,25045,25278,26770,27224,27325,28264,28449,29151,30258,30264,32300,32710,36672,36899,36916,39536,43376,47333,48463,49746,49803,51723,54630,62383]
please answer these questions using this data.
arrow_forward
INSUR INCOME
91
118
253
247
401
291
169
206
709
138
246
443
439
191
387
636
175
140
145
240
412
435
257
735
422
460
200
391
689
109
252
235
386
293
195
179
145
146
235
435
447
29
29
63
68
116
68
35
40
164
40
57
107
101
51
97
169
46
42
39
58
111
106
58
171
112
105
54
110
170
28
64
62
109
69
45
46
41
40
59
105
108
arrow_forward
Zip Code
93905
93905
93905
93905
93905
93905
93905
93905
93905
93905
93905
93905
93905
93905
405
93905
760
4
93905
630
4
93905 from ho 640 ales above, 3
93905eath ip 749 find: sampl 4
93905
503
3
93905
43908
93906
93906
93906
93906
93906
93906
93906
93906
93906
93906
93906
93906
93906
93906
93906
93906
93906
Price
714
855
598
769
529
795
715
635
989
93901
93901
93901
93901
790
605
800
480
660
799
900
799
640
650
93906 do the 1069
93906
700
93906
819
635
850
840
625
730
728
840
845
785
700
609
739
685
675
565
595
Bedrooms
3
5
3
4
2
5
3
4
6
4
3
5
3
2
3
3
4
6
3
3
2
4
3
4
3
4
4
3
4
4
4
3
2
3
3322
Baths
1
3
3
3
1
3
2
3
3
3
1
3
1
1
3
2
13
abd 3
1
3
3
2
3
3
2
2
2
3
2
3
2
3
3
2
3
3
3
3
2
3
2
2
1
1
Square Feet
821
2658
1638
2607
729
2253
1529
1980
3074
2607
948
2076
1089
863
2255
1353
1442
1837
920
2450
1877
1231
2191
3043
1814
1498
1240
2905
1328
2195
1112
2156
2276
1450
2400
2191
2207
1852
1077
1501
1152
1420
816
1212
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#8
arrow_forward
Zip Code
93905
93905
93905
93905
93905
93905
93905
93905
93905
93905
93905
93905
93905
93905
405
93905
760
4
93905
630
4
93905 from ho 640 ales above, 3
93905eath ip 749 find: sampl 4
93905
503
3
93905
43908
93906
93906
93906
93906
93906
93906
93906
93906
93906
93906
93906
93906
93906
93906
93906
93906
93906
Price
714
855
598
769
529
795
715
635
989
93901
93901
93901
93901
790
605
800
480
660
799
900
799
640
650
93906 do the 1069
93906
700
93906
819
635
850
840
625
730
728
840
845
785
700
609
739
685
675
565
595
Bedrooms
3
5
3
4
2
5
3
4
6
4
3
5
3
2
3
3
4
6
3
3
2
4
3
4
3
4
4
3
4
4
4
3
2
3
3322
Baths
1
3
3
3
1
3
2
3
3
3
1
3
1
1
3
2
13
abd 3
1
3
3
2
3
3
2
2
2
3
2
3
2
3
3
2
3
3
3
3
2
3
2
2
1
1
Square Feet
821
2658
1638
2607
729
2253
1529
1980
3074
2607
948
2076
1089
863
2255
1353
1442
1837
920
2450
1877
1231
2191
3043
1814
1498
1240
2905
1328
2195
1112
2156
2276
1450
2400
2191
2207
1852
1077
1501
1152
1420
816
1212
arrow_forward
775
1065
896
930
1052
846
949
797
1041
962
1028
910
1067
982
879
1097
1071
1056
1021
928
1045
974
1112
975
887
1069
1040
927
867
864
983
987
906
1030
934
662
1004
901
1123
1033
1028
934
1148
1027
978
1139
1078
1088
948
912
942
860
822
911
938
1000
944
980
915
899
852
989
978
991
996
878
833
865
1069
779
960
907
1009
1118
903
957
1014
885
947
1006
1036
824
866
860
986
972
916
991
851
1050
980
983
977
864
903
940
995
842
1122
1036
The above table represents the average rent for 100 randomly selected U.S. cities. According to www.apartments.com, the average rent for a two-bedroom apartment in the city of Napa is $1,967. How do other U.S. cities’ rents compare to Napa? Are they about the same, on average, or are rents significantly lower elsewhere?
1) Set up the hypotheses (null and…
arrow_forward
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- 4070 3870 4470 4060 4540 3880 4030 4060 4230 4310 4310 4130 4530 4470 4260 4350 4480 4060 4340 4220 3870 4160 4560 4190 4360 4220 4750 4310arrow_forwardProbability:Question 10 A baby born in 2011 is randomly selected. What is the probability that the baby was born in March? 2013 322 Select one: .083 830 065 041arrow_forwardHow long does it take to finish the 1161-mile Iditarod Dog Sled Race from Anchorage to Nome, Alaska? Finish times (to the nearest hour) for 57 dogsled teams are shown below. 261 271 236 244 279 296 284 299 288 288 247 256 338 360 341 333 261 266 287 296 313 311 307 307 299 303 277 283 304 305 288 290 288 289 297 299 332 330 309 328 307 328 285 291 295 298 306 315 310 318 318 320 333 321 323 324 327 USE SALT For this problem, use five classes. (a) Find the class width. 25 236 261 286 311 336 (b) Make a frequency table showing class limits, class boundaries, midpoints, frequencies, relative frequencies, and cumulative frequencies. (Round your relative frequencies to two decimal places.) Class Limits Class Boundaries Midpoint Frequency I I I - 260 285 310 335 360 - Relative Cumulative Frequency Frequencyarrow_forward
- How long does it take to finish the 1161-mile Iditarod Dog Sled Race from Anchorage to Nome, Alaska? Finish times (to the nearest hour) for 57 dogsled teams are shown below. 261 271 236 244 279 296 284 299 288 288 247 256 338 360 341 333 261 266 287 296 313 311 307 307 299 303 277 283 304 305 288 290 288 289 297 299 332 330 309 328 307 328 285 291 295 298 306 315 310 318 318 320 333 321 323 324 327 For this problem, use five classes. (a) Find the class width. (b) Make a frequency table showing class limits, class boundaries, midpoints, frequencies, relative frequencies, and cumulative frequencies. (Give relative frequencies to 2 decimal places.) Relative Cumulative Class Limits Class Boundaries Midpoint Frequency Frequency Frequencyarrow_forward662 775 779 797 822 824 833 842 846 851 852 860 860 864 864 865 866 867 878 879 885 887 896 899 901 903 903 906 907 910 911 912 915 916 927 928 930 934 934 938 940 942 944 947 948 949 957 960 962 972 974 975 977 978 978 980 980 982 983 986 987 989 991 991 995 996 1000 1004 1006 1009 1014 1021 1027 1028 1028 1030 1033 1036 1036 1040 1041 1045 1050 1052 1056 1065 1067 1069 1069 1071 1078 1088 1097 1112 1118 1122 1123 1139 1148 983 Data above represents the average rent for 100 randomly selected U.S cities. According to www.apartments.com, the average rent for a two-bedroom apartment in the city of Napa is $1,967. How do other U.S cities' rents compare to Napa? Are they about the same, on average, or are significantly lower elsewhere? a. To test this hypothesis, two assumptions must be checked. One is that the sample data needs to be normally distributed. How do we know right away that this assumption is satisfied? b. What is the other assumption that needs to be…arrow_forwardThe health of the bear population in a park is monitored by periodic measurements taken from anesthetized bears. A sample of the weights of such bears is available below. Use a single value to estimate the mean weight of all such bears. Find a 95% confidence interval estimate of the mean of the population of all such bear weights. Click the icon to view the table of bear weights. ..... The estimate of the population of all such bear weights is (Round to one decimal place as needed.) pounds, Find the 95% confidence interval for the mean of the population of all such bear weights. poundsarrow_forward[696,716,3244,4340,4555,6073,8550,8553,9312,10226,11004,16256,16894,20257,20573,21166,21568,22577,22835,24472,24637,25045,25278,26770,27224,27325,28264,28449,29151,30258,30264,32300,32710,36672,36899,36916,39536,43376,47333,48463,49746,49803,51723,54630,62383] please answer these questions using this data.arrow_forwardINSUR INCOME 91 118 253 247 401 291 169 206 709 138 246 443 439 191 387 636 175 140 145 240 412 435 257 735 422 460 200 391 689 109 252 235 386 293 195 179 145 146 235 435 447 29 29 63 68 116 68 35 40 164 40 57 107 101 51 97 169 46 42 39 58 111 106 58 171 112 105 54 110 170 28 64 62 109 69 45 46 41 40 59 105 108arrow_forwardZip Code 93905 93905 93905 93905 93905 93905 93905 93905 93905 93905 93905 93905 93905 93905 405 93905 760 4 93905 630 4 93905 from ho 640 ales above, 3 93905eath ip 749 find: sampl 4 93905 503 3 93905 43908 93906 93906 93906 93906 93906 93906 93906 93906 93906 93906 93906 93906 93906 93906 93906 93906 93906 Price 714 855 598 769 529 795 715 635 989 93901 93901 93901 93901 790 605 800 480 660 799 900 799 640 650 93906 do the 1069 93906 700 93906 819 635 850 840 625 730 728 840 845 785 700 609 739 685 675 565 595 Bedrooms 3 5 3 4 2 5 3 4 6 4 3 5 3 2 3 3 4 6 3 3 2 4 3 4 3 4 4 3 4 4 4 3 2 3 3322 Baths 1 3 3 3 1 3 2 3 3 3 1 3 1 1 3 2 13 abd 3 1 3 3 2 3 3 2 2 2 3 2 3 2 3 3 2 3 3 3 3 2 3 2 2 1 1 Square Feet 821 2658 1638 2607 729 2253 1529 1980 3074 2607 948 2076 1089 863 2255 1353 1442 1837 920 2450 1877 1231 2191 3043 1814 1498 1240 2905 1328 2195 1112 2156 2276 1450 2400 2191 2207 1852 1077 1501 1152 1420 816 1212arrow_forward#8arrow_forwardZip Code 93905 93905 93905 93905 93905 93905 93905 93905 93905 93905 93905 93905 93905 93905 405 93905 760 4 93905 630 4 93905 from ho 640 ales above, 3 93905eath ip 749 find: sampl 4 93905 503 3 93905 43908 93906 93906 93906 93906 93906 93906 93906 93906 93906 93906 93906 93906 93906 93906 93906 93906 93906 Price 714 855 598 769 529 795 715 635 989 93901 93901 93901 93901 790 605 800 480 660 799 900 799 640 650 93906 do the 1069 93906 700 93906 819 635 850 840 625 730 728 840 845 785 700 609 739 685 675 565 595 Bedrooms 3 5 3 4 2 5 3 4 6 4 3 5 3 2 3 3 4 6 3 3 2 4 3 4 3 4 4 3 4 4 4 3 2 3 3322 Baths 1 3 3 3 1 3 2 3 3 3 1 3 1 1 3 2 13 abd 3 1 3 3 2 3 3 2 2 2 3 2 3 2 3 3 2 3 3 3 3 2 3 2 2 1 1 Square Feet 821 2658 1638 2607 729 2253 1529 1980 3074 2607 948 2076 1089 863 2255 1353 1442 1837 920 2450 1877 1231 2191 3043 1814 1498 1240 2905 1328 2195 1112 2156 2276 1450 2400 2191 2207 1852 1077 1501 1152 1420 816 1212arrow_forward775 1065 896 930 1052 846 949 797 1041 962 1028 910 1067 982 879 1097 1071 1056 1021 928 1045 974 1112 975 887 1069 1040 927 867 864 983 987 906 1030 934 662 1004 901 1123 1033 1028 934 1148 1027 978 1139 1078 1088 948 912 942 860 822 911 938 1000 944 980 915 899 852 989 978 991 996 878 833 865 1069 779 960 907 1009 1118 903 957 1014 885 947 1006 1036 824 866 860 986 972 916 991 851 1050 980 983 977 864 903 940 995 842 1122 1036 The above table represents the average rent for 100 randomly selected U.S. cities. According to www.apartments.com, the average rent for a two-bedroom apartment in the city of Napa is $1,967. How do other U.S. cities’ rents compare to Napa? Are they about the same, on average, or are rents significantly lower elsewhere? 1) Set up the hypotheses (null and…arrow_forwardarrow_back_iosarrow_forward_ios
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