Descriptive Statistics Analysis

1862 words - 7 pages

What do we really know about the real-estate in Orange County?Enrique GonzalezMaria Daniela VetencourtMarch 5th, 2014IntroductionIn this project we are going to analyze Orange County in depth. This analysis would be of help to anybody who would like to invest or live in a property in Orange County, Florida. We will explain the different important variables that have to be taken into consideration when buying a property and also answer various common questions in a statistical manner. The variables we will analyze are:UC (Use code): 1-single house homes and 4: condos.Sales Price: The price at which these properties were sold.Sales Year: The year these properties were sold.Sales Month: The month of the year the property was sold ranging from 1 (January 2011) to 25 (January 2013)Effective Year Built: The year the property was built.Total Living Area: The size of the property.Taking into account these variables we were able to answer the questions mentioned above. Among these questions we have:What is the trend of the sale price depending on the year it was sold?In what month were properties the most expensive?How does the year the property was built affect the price?What type of housing was most bought between 2011-2012?How does the size of the property affect the price?What is the trend in the size of the properties depending on the year it was built?UNIVARIATE ANALYSISDescriptive Statistics:UC (Nominal)












In the graph above, we can determine the distribution of the UC data. The red area represents the condos while the blue area represents the single family residences. The blue area is greater than the red area which shows that there are more single family residences than condos. There is a total of 14069 single family residences with 89.74% frequency. In contrast, there is a count of 1609 condo type properties with a frequency that is 10.26% of the total. This analysis will be important for future study.Sales Price (Discrete)
























The distribution of the data in this boxplot shows that half of the total sale price data has a value above the median. A boxplot is a good way to show the distribution between the quartiles. The Kurtosis of 6.70 shows the peakness of the graph. In the histogram above the data has a positive skewness of 2.36. In positively skewed data, the median is smaller than the mean (227522>185000). There is a greater amount of data between the first quartile (Q1) and Median. The first quartile is 138000 and the median is 185000. The highest point of the graph is approximately at 150000 which is in between the first quartile and the median which shows the frequency of these values.Sales Year (Ordinal)
Sales Year






Find Another Essay On Descriptive Statistics Analysis

Descriptive and Inferential Statistics Essay

906 words - 4 pages Descriptive and Inferential statistics descriptive and Inferential statistics statistics, a branch of mathematics that focuses on the organization, analysis, and interpretation of a group of numbers (Aron, Aron, and Coups, 2006, p.2), play a very influential role in the field of psychology. Psychologists use descriptive statistics to summarize and describe a group of numbers from a research study. Inferential statistics are used to draw...

Descriptive or Expressive Statistics Essay

1082 words - 4 pages Statistics We define statistics as a branch of mathematics as a means to analyze, understand what we observe and explain synopses, so as to create sense and meaning of our explanations and observations. Each day in life we come across information that originates in various forms. This is to means in order to put sense in this information; there is the necessity to use statistics. Though, due to its empirical applications and focus, statistics...

Descriptive Statistics - Research and Evaluation

1490 words - 6 pages Descriptive Statistics PAGE 1 Descriptive StatisticsJuly 7, 2008Data analysis using descriptive statisticsThe research findings led to a conclusion that answered the research question.In order to answer the research question, first the current situations with other automobile organizations needed to be researched.GM's President of the Automotive Consulting Group in Ann Arbor, Michigan, is quoted in saying, "The buying market is drastically...

Statistical Methods in Quality Management: Descriptive Statistics

1060 words - 4 pages Quality management frequently uses statistical methods to identify the existence of a quality problem and to analyze the root cause of the problem. Statistical methods require the collection of numerical data related to a process under investigation. The data can then be used to identify trends that can affect quality such as the rate of variance in the outcomes of a production process. The descriptive or inferential analysis of the statistical...

Descriptive Statistics

1546 words - 6 pages Descriptive Statistics Paper- PAGE 1 - - PAGE 1 - RUNNING HEAD: Descriptive Statistics PaperAbstractThis paper focuses on statistics of Major League Baseball and the research problem that if the stadium size and amount of fans necessarily mean that the team has more money to spend on the players. Two teams will be looked at, the New York Yankees with the largest stadium and the Boston Red Sox who seat the fewest. Different variables will be...

Childhood Obesity – Descriptive Statistics

1716 words - 7 pages Childhood obesity is beginning to affect more children. Many studies are finding many different contributing factors to the newest childhood disease: obesity. The term "childhood obesity" refers to both children and adolescents. To define the age differences between the two groups, "children refer to 6 to 11 years of age, and adolescents to 12 to 17 years of age" (American Obesity Association, 2005, p.1).Studies have found increases in health...

Descriptive Statistics Paper

955 words - 4 pages Midsize SUV AnalysisThere are many decisions that a consumer must make when purchasing a new vehicle, such as the make, model, size and all the amenities that make the vehicle a reflection of comfort and style to that particular individual. Accessibility of information on different vehicles can be readably available through dealerships, magazines and the Internet to help in the decision making process.This paper will focus on formatting...

Descriptive Statistics Paper

2306 words - 9 pages Major League Baseball is one many sports that is loved by many individuals. Each team tries to recruit the best players with attractable wage packages which in turn lead to an uneven balance of wages on any team. This is where descriptive statistics come into play since descriptive statistics is a summary of all the data that is collected. One can organize the data numerically or graphically. The paper will focus on the players' salaries by...

Descriptive Statistics - California's Unaffordable Housing

1048 words - 4 pages Our team is pleased to provide this paper discussing the California housing market and its apparent lack of affordability for the average wage earner. With the research and statistics behind us, we will now focus on the analysis of the data and will provide the reader with some recommendations for dealing with this economics problem. In review, the Team researched housing prices, household incomes, and mortgage interest rates. Each of the three...

Research Statistics and Psychology

960 words - 4 pages Since the beginning of time research and statistics have exercised a vital role in psychology. In this succinct writing an elaboration of how research and statistics are utilized in psychology is revealed. Furthermore, the how and why of such components are expounded herein and a detailed look at primary and secondary data are exposed. Research, statistics, primary, and secondary data are imperative in psychological analysis. Implementing...

Research and Design Statistics Worksheet MBA/510

608 words - 2 pages Research Design and Statistics Concepts WorksheetUniversity of PhoenixJuly18, 2008Murray PyleResearch Design and Statistics Concepts Worksheet Concept Application of Concept in Scenario Reference to Concept in Reading Sampling 'We conducted focus groups in our regions, which showed an overwhelming demand for the product' (USA World Bank p. 3) If UWB and CT do not choose the proper sample it could be a costly decision. 'To infer...

Similar Essays

Descriptive Statistics Analysis

1862 words - 7 pages What do we really know about the real-estate in Orange County?Enrique GonzalezMaria Daniela VetencourtMarch 5th, 2014IntroductionIn this project we are going to analyze Orange County in depth. This analysis would be of help to anybody who would like to invest or live in a property in Orange County, Florida. We will explain the different important variables that have to be taken into consideration when buying a property and also answer various...

Descriptive Statistics Analysis In Students' Mobile Usage In The University Of Southampton

3338 words - 13 pages Descriptive Statistics Analysis in Students' Mobile Usage in the University of Southampton1.Introduction2.Data Analysis2.1Collection and Input of Data2.2General information2.2.1Gender analysis2.2.2Ownership analysis2.2.3Mobile band analysis2.2.4Network using situation analysis2.2.5Payment methods analysis2.2.6Monthly fees analysis2.3Correlation and Regression Analysis2.4Chi-Square Test3.Conclusion4.References5.Appendices5.1Appendices1 --...

Business Research Problem Analysis Descriptive Statistics

757 words - 3 pages University of PhoenixRES341ContentsSubjectPageIntroduction……………………………………………………………………….3Purpose of...

Descriptive Statistics Essay

1379 words - 6 pages The world is filled with uncertainties. Consumer prices, economic fluctuations, political candidate popularity, water quality, portfolio investment management, and everyday decisions, among others, are often ambiguous, unclear, and indeterminate. Statisticians help individuals resolve the vagueness of life by developing characterizations and drawing conclusions surrounding these questions (American Statistical Association [ASA], 2008). Statistics...