Deriving and presenting descriptive statistics


Problem:

Make believe that you are a real estate agent in Florida, and that you are working with a retired couple from out of state. The couple is considering purchasing a retirement home in Boca Raton. In order to make informed decisions about buying a house, they first need to understand the Boca Raton real estate market.

For this discussion, identify what you consider to be the three most significant or descriptive home parameters (that is, price mean, price mode, home size mean, home size mode, and so on) to give your clients an understanding of the Boca market, and justify your selection. Draw on the results that you generated in this unit's assignment, using the Florida Pool Data file to help support your perspective if you wish.

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