For unlimited access to Study Guides, a Grade+ subscription is required.
MMP321 – Topic 2 Seminar Solutions
Topic 2: Statistical Analysis of Property Markets
Using the data calculate and tabulate the descriptive statistics for the variable
Output varies depending on software used. Below are the main descriptive stats:
Count (number observations)
Draw a histogram for the sale price data. What can you interpret from this
The histogram shows that the data is pretty much normally distributed.
If you look back at the descriptive stats, you can see that the mean and median are
very close together, which suggests a normal distribution. Furthermore, we can