MGMT 4700 Lecture Notes - Lecture 1: Interval Estimation, Confidence Interval, F-Test
Document Summary
People boxes, inc. is a consortium of real estate owners who seek out growing real estate demand among young, affluent, highly-educated workers entering the workforce or relocating to new cities. They specialize in condominium-style new construction, saving on costs by reusing blueprints in different cities and working with national contracting firms. Their revenue growth depends on identifying new markets to expand into, filling a niche in high-demand, high-income cities. For this, define (cid:498)young(cid:499) as (cid:498)between (cid:883)(cid:886) and (cid:884)(cid:886)(cid:499), and find the proportion of each msa that is young. Test to see if the average median household income in the youngest msas is lower than the median of median household incomes. Come up with a confidence interval estimate of the population mean. Find the average number of rental units city average: retirement. Test to find out. like to offer your client. for all us msas and then test to see if the average number of city that is retirees.
