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Colorado State University Global Logarithmic Model Quantity and Pricing Worksheet
As a manager, you have the following data collected by your data analyst regarding the price and quantity demanded:
Price ...
Colorado State University Global Logarithmic Model Quantity and Pricing Worksheet
As a manager, you have the following data collected by your data analyst regarding the price and quantity demanded:
Price of One Shirt (P)
Demand (D)
2300
152
2000
159
1700
164
1500
171
1300
176
1200
180
1000
189
Note that you are asked to use a graphing utility in this assignment. A recommended online utility is https://www.desmos.com/calculator (Links to an external site.). It allows graphing and then copying and posting into a Word document.
Using a graphing utility, draw a scatter diagram with price as a function of demand.
Using a graphing utility, build a logarithmic model from the data.
Graph the logarithmic function in the scatter diagram.
Use the function you found above to predict the number of quantities that will be demanded if the price is $1750.
Use the function you found in #2 to predict the price, if the quantity demanded is 174.
Requirements:
Your paper should be 2-3 pages (not counting the title page and references page) and cite and integrate at least one credible outside source. The CSU Global Library (Links to an external site.) is a great place to find resources. Your textbook is a credible resource.
Include a title page, introduction, body, conclusion, and a reference page.
The introduction should describe or summarize the topic or problem. It might discuss the general applications of the topic or it might introduce the unique terminology associated with the topic.
The body of your paper should address the questions posed in the problem. Explain how you approached and answered the question or solved the problem, and, for each question, show all steps involved. Be sure this is in paragraph format, not numbered answers like a homework assignment.
The conclusion should summarize your thoughts about what you have determined from your analysis in completing the assignment. Nothing new should be introduced in the conclusion that was not previously discussed in the body paragraphs.
1 page
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Run the diamond regression with all variables simultaneously, then answer the questions:1) Based on the regression results ...
Run the diamond regression with all variables simultaneously
Run the diamond regression with all variables simultaneously, then answer the questions:1) Based on the regression results, predict the market value of a diamond with the following characteristics:Weight = 1.5 CaratsColor Grade: EClarity Grade: VS1Cut Category: Good Submit answer rounded to the nearest dollar without commas or "$".2) What percentage of the market price behavior do the regression variables appear to explain?Enter your answer rounded to the nearest whole number without "%". (i.e.: 45.3% is entered as 45)Use the file below for this exercise:When done, include the the completed excel worksheet as well
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Gulf Real Estate Properties, assignment help
Gulf Real Estate Properties Gulf Real Estate Properties, Inc. is a real estate firm located in
southwest Florida. The co ...
Gulf Real Estate Properties, assignment help
Gulf Real Estate Properties Gulf Real Estate Properties, Inc. is a real estate firm located in
southwest Florida. The company, which advertises itself as an “expert in
the real estate market,” monitors condominium sales by collecting data
on location, list price, sale price, and the number of days it takes to
sell each unit. Each condominium is classified as Gulf View if it is
located directly on the Gulf of Mexico, or No Gulf View if it is located
on the bay or a golf course (near but not on the Gulf). Sample data
from the Multiple Listing Service in Naples, Florida, provided sales
data for 40 Gulf View condominiums and 18 No Gulf View condominiums. The
complete data set is in the file named Real Estate, linked at the bottom of the page.Managerial Report Prepare a report (see below) that summarizes your assessment of the nature of the housing market in southwest Florida. Be sure to include the following seven (7) items in your report.Descriptive statistics (mean, median, range, and standard
deviation) to summarize each of the three variables for the 40 Gulf View
condominiums. Are there any outliers in the data set for any of the
three variables? If there are any outliers in any category, please list
them and state for which category they are an outlier. Describe which
method you used to make your determination.
Descriptive statistics (mean, median, range, and standard deviation)
to summarize each of the three variables for the 18 No Gulf View
condominiums. Are there any outliers in the data set for any of the
three variables? If there are any outliers in any category, please list
them and state for which category they are an outlier. Describe which
method you used to make your determination.
Compare your summary results from #1 and #2. Discuss any specific
statistical results that would help a real estate agent understand the
condominium market.
Develop a 95% confidence interval estimate of the population mean
sales price and population mean number of days to sell for Gulf View
condominiums. Interpret your results.
Develop a 95% confidence interval estimate of the population mean
sales price and population mean number of days to sell for No Gulf View
condominiums. Interpret your results.
Assume the branch manager requested estimates of the mean selling
price of Gulf View condominiums with a margin of error of $40,000 and
the mean selling price of No Gulf View condominiums with a margin of
error of $15,000. Using 95% confidence, how large should the sample
sizes be for each?
Gulf Real Estate Properties just signed contracts for two new
listings: a Gulf View condominium with a list price of $589,000 and a No
Gulf View condominium with a list price of $285,000. What is your
estimate of the final selling price (based on the percent difference for
the sale and list price) and number of days required to sell each of
these units?
Write a report that adheres to the Written Assignment
Requirements under the heading “Expectations for CSU-Global Written
Assignments” found in the CSU-Global Guide to Writing and APA Requirements.
As with all written assignments at CSU-Global, you should have in-text
citations and a reference page. An example paper is provided in the MTH410 Guide to Writing with Statistics, linked at the bottom of the page.Your report must contain the following:A title page in APA style.
An introduction that summarizes the problem.
The body of the paper should answer the questions posed in the
problem by communicating the results of your analysis. Include results
of calculations, as well as charts and graphs, where appropriate.
A conclusion paragraph that addresses your findings and what you have determined from the data and your analysis.
Submit your Excel file in addition to your report.
4 pages
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Most Popular Content
Colorado State University Global Logarithmic Model Quantity and Pricing Worksheet
As a manager, you have the following data collected by your data analyst regarding the price and quantity demanded:
Price ...
Colorado State University Global Logarithmic Model Quantity and Pricing Worksheet
As a manager, you have the following data collected by your data analyst regarding the price and quantity demanded:
Price of One Shirt (P)
Demand (D)
2300
152
2000
159
1700
164
1500
171
1300
176
1200
180
1000
189
Note that you are asked to use a graphing utility in this assignment. A recommended online utility is https://www.desmos.com/calculator (Links to an external site.). It allows graphing and then copying and posting into a Word document.
Using a graphing utility, draw a scatter diagram with price as a function of demand.
Using a graphing utility, build a logarithmic model from the data.
Graph the logarithmic function in the scatter diagram.
Use the function you found above to predict the number of quantities that will be demanded if the price is $1750.
Use the function you found in #2 to predict the price, if the quantity demanded is 174.
Requirements:
Your paper should be 2-3 pages (not counting the title page and references page) and cite and integrate at least one credible outside source. The CSU Global Library (Links to an external site.) is a great place to find resources. Your textbook is a credible resource.
Include a title page, introduction, body, conclusion, and a reference page.
The introduction should describe or summarize the topic or problem. It might discuss the general applications of the topic or it might introduce the unique terminology associated with the topic.
The body of your paper should address the questions posed in the problem. Explain how you approached and answered the question or solved the problem, and, for each question, show all steps involved. Be sure this is in paragraph format, not numbered answers like a homework assignment.
The conclusion should summarize your thoughts about what you have determined from your analysis in completing the assignment. Nothing new should be introduced in the conclusion that was not previously discussed in the body paragraphs.
1 page
Bar Code
2. Calculate the single-proportion sampling error for each sample size. 3. Calculate the probability of finding 198 correc ...
Bar Code
2. Calculate the single-proportion sampling error for each sample size. 3. Calculate the probability of finding 198 correctly scanned packages, for a ...
Run the diamond regression with all variables simultaneously
Run the diamond regression with all variables simultaneously, then answer the questions:1) Based on the regression results ...
Run the diamond regression with all variables simultaneously
Run the diamond regression with all variables simultaneously, then answer the questions:1) Based on the regression results, predict the market value of a diamond with the following characteristics:Weight = 1.5 CaratsColor Grade: EClarity Grade: VS1Cut Category: Good Submit answer rounded to the nearest dollar without commas or "$".2) What percentage of the market price behavior do the regression variables appear to explain?Enter your answer rounded to the nearest whole number without "%". (i.e.: 45.3% is entered as 45)Use the file below for this exercise:When done, include the the completed excel worksheet as well
77 pages
C520 Fa20 Finalexam
The data meet the Linearity assumption to perform regression analysis. The regression analysis is show in the R Build a l ...
C520 Fa20 Finalexam
The data meet the Linearity assumption to perform regression analysis. The regression analysis is show in the R Build a linear regression model to ...
Gulf Real Estate Properties, assignment help
Gulf Real Estate Properties Gulf Real Estate Properties, Inc. is a real estate firm located in
southwest Florida. The co ...
Gulf Real Estate Properties, assignment help
Gulf Real Estate Properties Gulf Real Estate Properties, Inc. is a real estate firm located in
southwest Florida. The company, which advertises itself as an “expert in
the real estate market,” monitors condominium sales by collecting data
on location, list price, sale price, and the number of days it takes to
sell each unit. Each condominium is classified as Gulf View if it is
located directly on the Gulf of Mexico, or No Gulf View if it is located
on the bay or a golf course (near but not on the Gulf). Sample data
from the Multiple Listing Service in Naples, Florida, provided sales
data for 40 Gulf View condominiums and 18 No Gulf View condominiums. The
complete data set is in the file named Real Estate, linked at the bottom of the page.Managerial Report Prepare a report (see below) that summarizes your assessment of the nature of the housing market in southwest Florida. Be sure to include the following seven (7) items in your report.Descriptive statistics (mean, median, range, and standard
deviation) to summarize each of the three variables for the 40 Gulf View
condominiums. Are there any outliers in the data set for any of the
three variables? If there are any outliers in any category, please list
them and state for which category they are an outlier. Describe which
method you used to make your determination.
Descriptive statistics (mean, median, range, and standard deviation)
to summarize each of the three variables for the 18 No Gulf View
condominiums. Are there any outliers in the data set for any of the
three variables? If there are any outliers in any category, please list
them and state for which category they are an outlier. Describe which
method you used to make your determination.
Compare your summary results from #1 and #2. Discuss any specific
statistical results that would help a real estate agent understand the
condominium market.
Develop a 95% confidence interval estimate of the population mean
sales price and population mean number of days to sell for Gulf View
condominiums. Interpret your results.
Develop a 95% confidence interval estimate of the population mean
sales price and population mean number of days to sell for No Gulf View
condominiums. Interpret your results.
Assume the branch manager requested estimates of the mean selling
price of Gulf View condominiums with a margin of error of $40,000 and
the mean selling price of No Gulf View condominiums with a margin of
error of $15,000. Using 95% confidence, how large should the sample
sizes be for each?
Gulf Real Estate Properties just signed contracts for two new
listings: a Gulf View condominium with a list price of $589,000 and a No
Gulf View condominium with a list price of $285,000. What is your
estimate of the final selling price (based on the percent difference for
the sale and list price) and number of days required to sell each of
these units?
Write a report that adheres to the Written Assignment
Requirements under the heading “Expectations for CSU-Global Written
Assignments” found in the CSU-Global Guide to Writing and APA Requirements.
As with all written assignments at CSU-Global, you should have in-text
citations and a reference page. An example paper is provided in the MTH410 Guide to Writing with Statistics, linked at the bottom of the page.Your report must contain the following:A title page in APA style.
An introduction that summarizes the problem.
The body of the paper should answer the questions posed in the
problem by communicating the results of your analysis. Include results
of calculations, as well as charts and graphs, where appropriate.
A conclusion paragraph that addresses your findings and what you have determined from the data and your analysis.
Submit your Excel file in addition to your report.
4 pages
Nonparametric Tests
According to the video clip, there are three methods of conducting nonparametric methods, namely: Mann-Whitey test, Chi-sq ...
Nonparametric Tests
According to the video clip, there are three methods of conducting nonparametric methods, namely: Mann-Whitey test, Chi-square test, and ...
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