Essay Available:
Pages:
1 page/β275 words
Sources:
2 Sources
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:
House Prices Data Distribution and Data Cluster
Essay Instructions:
a) Review introductory case (Chapter 2: House Prices) see Attached and its synopsis in section 2.2. b) where do house prices tend to cluster?
Essay Sample Content Preview:
Discussion Post
Name
Course
Institution
December 14, 2021
Discussion Post
b) Where do house prices tend to cluster?
Sale Price
Frequency
%
300,000 to 500,000
15
42%
500,000 to 600,000
14
39%
More than $ 600,000
7
19%
The selling prices of 36 house sales range from $ 300,000 to $ 500,000. 81% of the house prices are less than $ 600,000. However, in the group $ 500, 000 to $600,000, it is 39%, meaning the remaining 39% is housing ranging from $ 300,000 to $ 500,000. House price dynamics are affected by factors such as macroeconomic factors, mortgage borrowing, and access to credit (Bailey et al., 2019). The median and mode are in the $500,000 to $600,000 category meaning the house prices cluster around this range. Based on the fr...
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