QNT 275 Week 2 Learning Team Collaborative Discussion: Descriptive Statistics

Read Case Study 3.3 in Ch. 3 of Essentials of Business Statistics found on page 98.

Click the Fort Myers Sales Data Set link.

Calculate descriptive statistics:the mean, median, mode, and standard deviation in the two sample periods (January and July).

Discuss one of the following:

• Identify what changes occurred in the Fort Myers housing market during the 6-month period.
• Explain what conclusions you can draw from the data.
• Identify what additional data you might want to understand the housing market better.
• Explain what role descriptive statistics play in understanding the housing market.