Data Collection Paper
Courtney Archbold, Christy Baker, Lisa Battiato, Liz Rabago, Melissa Keen, Samantha Jones
February, 12 2012
Professor Kevin Kuznia
The researchers concluded in their investigation that there is a pattern of events during the course of real estate investments during certain years demographically within the United States. Investors who made investment in California, Illinois, and Ohio, between the years 1975 and 2008 paid a higher market value on homes; some market values fluctuated from 0.09% up to 0.128% during those years. The researcher also concluded that there was an inconsistence in the data of market prices during those years’ taking the average ...view middle of the document...
500.00, 209.000.00, 209.300.00,209.300.00,209.700.00,209.700.00,213.600.00,216.800.00,217.800.00,220.900.00,221.100.00,221.500.00,222.100.000,224.000.00,224.800.00,227.100.00,227.100.00,228.400.00.232.200.00,233.000.00,234.000.00,236.400.00,236.800.00,240.000.00,242.100.00,243.700.00,244.600.00,245.400.00,245.400.00,246..000.00246.100.00,247.700.00,251.400.00,252.400.00,253.400.00,254.300.00,257.300,263.10.00,263.200.00,266.600.00,269.200.00,269.900..00,270.800.00,271.800.00.273.200.00,281.300.00,289.800.00,292.400.00,293.700.0,294.000.00,294.300.00,394.500.00oit of those average prices only fifty five homes sold at market value price of $246.283.64 that had four bedrooms. In 2008 and on the market value fluctuated from; $320.288.20,307.800.00,310.800.00,312.100.00,312.100.00,326.300.00,327.200.00,345.300.00 only seven homes with a market price value at 328.228.57 with six bedrooms sold during that year period. Researchers concluded that further investigation needs to be conducted before an investor makes a decided to pay the market value set by the seller or not.
The events regarding as to why to the market value has been affecting the prices of homes, alterations being done to the property in order to increase the market value of the home, sellers stuck on a set market price, high property taxes based on each demographical area of California, Illinois, and Ohio. Also high interest rates on mortgage loans increase of a time period, assets not account for doing the course of transactions. Investors, who thoroughly examine the inconsistency with the numbers in the data, will be able to see a pattern of events and decided from what needs to be changed. Investors that do not study the inconsistence with the numbers in the data will end up making a poor decision if action is not taken.
Define the population from which your samples came
Sampling is the process of selecting a sufficient number of elements from the population, so that a study of the sample and an understanding of its properties or characteristics would make it possible for us to generalize such properties or characteristics to the population of elements. (Serkaran, p. 266) A sample data set of 105 homes sold during last year was gathered to determine if over inflated prices are affecting the sale of homes. Data analyzed consisted of price of the home, minimum square footage required, price per square foot, geographical location or distance to certain areas, preferred number of bedrooms and bathrooms, pool specifications, garage size.
Was the sample size appropriate for this research topic?
It would be practical impossible and costly to collect data or test every single home for sale on the market in the United States. It is critical to choose the right sample of data to be researched when sampling. A sample set of 105 homes was used for this research from a particular area to produce reliable results and reduce amount of errors when collecting...