SOLUTION: Grantham University Managerial Research Methods Bed Room Distribution Worksheet

Hello there, here is the file. All the best.Assignment 3.2 [Due midnight on 7/7/2020]Descriptive StatisticsUse the OxfordHome-modified data set.Oxford HomeThe trend in home building in recent years has been to emphasize open spaces and great rooms, rather thansmaller living rooms and family rooms. A builder of speculative homes in the college community of Oxford,Ohio, had been building such homes, but his homes had been taking many months to sell and selling forsubstantially less than the asking price. In order to determine what types of homes would attract residents of thecommunity, the builder contacted a statistician at a local college. The statistician went to a local real estateagency and obtained the data in OxfordHome-modified. The data set presents the sales price y, square footagex1, number of rooms x2, number of bedrooms x3, and age x4 for each of 61 single-family residences recently soldin the community.1. Draw a bar graph for the number of bedrooms. Comment on the result. [4 points]BED ROOM DISTRIBUTIONNo of Bedrooms49340212051015202530No of HousesConclusion: A major portion of the houses are having 3 bedrooms3540452. Draw histogram and box plot for (a) sales price and (b) square feet. Comment on the resultsseparately for (a) and (b). [8 points]a)Sales PriceConclusion: The sales price are more inclined towards the lower price range and the highest ones can betreated as outliers.b)Square FeetConclusion: Square Feet has a more distributed frequency range except towards the end.3. Draw scatter plots for (a) sales price versus square feet and (b) sales price versus age. Comment on theresults. [8 points]a)Square Feet vs Sales Price3000Square Feet25002000150010005000050100150200250Sales PriceConclusion : The relationship between square feet size and sales price is roughly linear in nature.b)Age vs Sales Price120100Age806040200050100150200Sales PriceConclusion : The relationship between age and sales price is more exponential than linear.2504. Calculate the empirical rule for sales pri…

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