Entered your project data into either Excel or Statistix. Using Statistix, you are required to generate printouts that you will embed into the Project Word document that is posted below. You will then answer the questions that I ask in the project, save the document with your completed work, and submit it to me in Canvas.
The goal of the project assignments is to allow you to get hands-on experience analyzing and interpreting data using the techniques we learn throughout the semester. To facilitate this, I have limited you to the type of data that you are allowed to collect. I have listed below three possible sources of data. Choose any of the three to use for your project.
- Apartment Data – collect data from 25 apartments in each of three different locations (areas of the city, different counties, etc.). The variables that you will enter will be Rent (for a 2 BR apartment), Size (in square feet), and Location (enter the locations as either 1, 2, or 3). Your data set should consist of a total of 75 cases with three variables. Sources: Apartment Guides, newspaper, calling apartments.
- Automobile Data – collect data from 25 used automobiles from each of three comparable car brands (cars in the same automobile class). The variables that you will enter will be Asking Price, Mileage of the vehicle, and the Model of the Car (enter the model as either 1, 2, or 3). Your data set should consist of a total of 75 cases with three variables. Sources: internet sites such as craigslist, newspaper, auto trader magazines.
- Home Price Data – collect data from 25 homes that are for sale in each of three different locations (neighborhoods of the city, different counties, etc.). The variables that you will enter will be Asking Price, Size (in square feet), and Location (enter the locations as either 1, 2, or 3). Your data set should consist of a total of 75 cases with three variables. Sources: Newspaper, real estate magazines, MLS listings.
Ideally, you would take a random sample from the population that you are working with. For the project assignments, it is more important to get your data collected quickly, so I will not worry about the randomness of your data. For clarity, your data set should consist of a total of 75 observations (3 locations/models each with 25 observations) with three variables each.
This data set will be used for you on all four project assignments (called Project 1, Project 2, Project 3 and Project 4). More details will follow regarding the specifics of what will be required of you on the projects as well as demonstrations on how to create the printouts that you will need using the Statistix software.
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qmb 2100 project for week 1 was first posted on August 10, 2020 at 10:14 am.
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