Quantitative Methods Database Assignment Example | Topics and Well Written Essays - 1000 words

Quantitative Methods Database - Assignment Example Our data included information on the location, the type of houses, the number of bedrooms, the price and the parking space. From our analysis, we present different charts that summarize the numerous properties of our data. The first chart presents the standard deviation of the prices of the different types of homes in our areas under study. Standard deviation indicates the degree of variation in the prices of homes. From the analysis, it is evident that highest deviation of prices occurs in the prices of houses between the cities which has a standard deviation of 1.182649718 with the variation in the prices of bungalow being 0.559803074 and 0.245835672. Consequently, the deviation between the different types of homes for Colchester is 1.123087983, 0.337027783 for Jaywick and 1.072970694 for Mersea Island. The deviations in the prices of homes are highest is Colchester. The average prices of the homes indicate that owning a bungalow in all the three areas will cost an average of 0.713536982, while that of a flat is 0.560563004 and that of a house is 1.273070162. Consequently, owning a bungalow will cost a total of 10808630 while it will cost 4408989 for a flat and 36343708 for a house. As regards the average of prices for the different aspects of the different homes, in the case of a bungalow and house, it is evident that having a detached home will cost a grand total of 1.171448428 while the grand total for a mobile home will cost 0.116264276, 0.808875794 for a semi-detached home and 0.615969407 for a terrace home. However, as regards the same, the grand total for owning a bungalow is 0.658932363 while the grand total of owning a house is 1.172291899. As regards the average number of bedrooms, the grand total in the case of Colchester area is 3 while that of Jaywick is 2 and 3 in the case of Mersea Island.