Throughout this course, you will research basic statistical concepts as well as how to perform descriptive statistics and how to interpret them. Managers make sense of data by using graphing techniques, and graph analyses are useful in making better business decisions. It is important to be able to demonstrate how managers transform data into useful information for making managerial decisions.
To deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of the business community.SHOW MORE
This template will assist you in formatting and completing your assessment.
Use the Florida Pool Home Data file, linked in the Resources under the Required Resources heading, to complete the calculations for the following scenario.You are also encouraged to use one of the statistical applications, such as SAS Enterprise Guide or the Microsoft Excel Analysis ToolPak, suggested in this course. Refer to the instructions in the Resources to activate or download the software.
Suppose you are a real estate agent living and working in southern Florida. The senior real estate partner of your firm e-mails you the Florida Pool Home Data file and asks you to find ways to use data to describe the most important aspects of home sales. The Florida Pool Home Data file contains the data for 80 properties, including each home’s price, size, number of bathrooms, and niceness rating and whether the home has a pool.
Use the scenario above and the Florida Pool Home Data file to complete the following:
Compile all of your answers and your report in a single Microsoft Word file:
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