Answer Happy

Lake View Homes, a real estate company that specializes inresidential real estate, is located in Havasu City, Arizona.Management wants to know if its marketing efforts should focus inselling lake view homes primarily and has asked you, the statisticsexpert, to provide relevant statistics to make an informed decisionwith its marketing dollars.
2. Answer the questions below in essay format. Your essay must include an introduction, a body, and a conclusion. It must address all relevant parts of each question. 3. Your response should be a minimum of 500 words in length, and it should include your analysis of all calculations. Make sure to cite any source you use. 4. All references must be created in APA format as described in Lesson 0. Essay Questions: Probability Using the Lesson 6 Essay data file, provide a summary report for management including the following information in an essay with a minimum of 500 words: a. Calculate the mean, median, standard deviation, and the range for each of the variables: a. LV List The list price of a lake view home b. LV Sale c. LV Days d. NLV List e. NLV Sale f. NLV Days The sale price of a lake view home The number of days to sell a lake view home The list price of a no lake view home The sale price of a no lake view home The number of days to sell a lake view home b. Compare your results for the statistics in Question 1. Explain how the results would help a real estate agent understand the local market. c. Develop a 95% confidence interval estimate of the mean sales price and the mean number of days to sell a lake view home and a no lake view home. Interpret the results. d. Assume the company just signed contracts on two new listings: A lake view home with an asking price of selling price of $600,000 and no lake view home with an asking price of $300,000. What is your estimate of the final selling price and the number of days required to sell each of these homes? e. Based on your total analysis, provide management with your suggestions on how the company's marketing dollars should be spent. Should the company market primarily lake view homes? Explain.