Use appropriate descriptive statistics to summarize each of the three variables for the 40 BLUEApartments. (2 marks)2. Use appropriate descriptive statistics to summarize each of the three variables for the 18 REDApartments (2 Marks)3. Compare your summary results. Discuss any specific statistical results that would help a real estateagent understand the apartment market in Kenya. (4 Marks)4. Develop a 95% confidence interval estimate of the population mean sales price and populationmean number of days to sell for BLUE Apartments. Interpret your results. (2 Marks)

Cyton Real Estate Properties, is a real estate firm in Kenya. The company, which advertises itself as “expertin the real estate market,” monitors apartments sales by collecting data on location, list price, sale price,and number of days it takes to sell each unit. Each apartment is classified as Blue Apartment if it is locatedNairobi Metropolitan or Red Apartment if it is located anywhere else. Sample data from the MultipleListing Service in Kenya, provided recent sales data for 40 Blue apartments and 18 No Red apartments.Prices are in thousands of Kenya shillings. The data are shown in Table 1.0.Table 1.0: List Price, Sale Price and Days to Sell ApartmentsBlue Apartments Red ApartmentsList Price Sale Price Days to Sell List Price Sale Price Days to Sell1 495.0 475.0 130 217.0 217.0 1822 379.0 350.0 71 148.0 135.5 3383 529.0 519.0 85 186.5 179.0 1224 552.5 534.5 95 239.0 230.0 1505 334.9 334.9 119 279.0 267.5 1696 550.0 505.0 92 215.0 214.0 587 169.9 165.0 197 279.0 259.0 1108 210.0 210.0 56 179.9 176.5 1309 975.0 945.0 73 149.9 144.9 14910 314.0 314.0 126 235.0 230.0 11411 315.0 305.0 88 199.8 179.0 12012 885.0 800.0 282 210.0 192.0 6113 975.0 975.0 100 226.0 195.0 14614 329.0 445.0 56 149.9 212.0 13715 365.0 305.0 49 160.0 146.5 28116 332.0 330.0 48 322.0 160.0 6317 520.0 312.0 88 187.5 292.5 4818 425.0 495.0 161 247.0 179.0 5219 675.0 405.0 14920 409.0 669.0 142

Answer the questions below.(a) Here are the prices (in thousands) for 9 houses for sale in a local neighborhood:           $162, $286, $287, $298, $305, $307, $308, $309, $312.Which measure should be used to summarize the data?MeanMedianMode(b) On a test, each student is given a grade of A, B, C, D, or F.Which measure tells the grade given most often?MeanMedianMode(c) In a survey, 10 people gave the following ratings for a local politician (on a scale of 0 to 100):           40, 43, 45, 46, 47, 50, 52, 53, 54, 55.Which measure should be used to summarize the data?MeanMedianMode

Table 1.0: List Price, Sale Price and Days to Sell ApartmentsBlue Apartments Red ApartmentsList Price Sale Price Days to Sell List Price Sale Price Days to Sell1 495.0 475.0 130 217.0 217.0 1822 379.0 350.0 71 148.0 135.5 3383 529.0 519.0 85 186.5 179.0 1224 552.5 534.5 95 239.0 230.0 1505 334.9 334.9 119 279.0 267.5 1696 550.0 505.0 92 215.0 214.0 587 169.9 165.0 197 279.0 259.0 1108 210.0 210.0 56 179.9 176.5 1309 975.0 945.0 73 149.9 144.9 14910 314.0 314.0 126 235.0 230.0 11411 315.0 305.0 88 199.8 179.0 12012 885.0 800.0 282 210.0 192.0 6113 975.0 975.0 100 226.0 195.0 14614 329.0 445.0 56 149.9 212.0 13715 365.0 305.0 49 160.0 146.5 28116 332.0 330.0 48 322.0 160.0 6317 520.0 312.0 88 187.5 292.5 4818 425.0 495.0 161 247.0 179.0 5219 675.0 405.0 14920 409.0 669.0 142

Answer the questions below.(a) Here are the prices (in thousands) for 9 houses for sale in a local neighborhood:           $286, $290, $293, $295, $305, $306, $308, $311, $474.Which measure should be used to summarize the data?MeanMedianMode(b) Tom has recorded his golf score for each round he's played this year.Which measure gives the score he shot the most often?MeanMedianMode(c) In the past 10 days, Hans has received the following numbers of email advertisements per day:           40, 41, 43, 44, 45, 47, 48, 49, 51, 52.Which measure should be used to summarize the data?MeanMedianMode

An agent for a real estate company in a large city would like to be able to predict the monthly rental cost for apartments,based on the size of the apartment,as defined by square footage.A sample of eight apartments in a neighborhood was selected,and the information gathered revealed the data shown below.For these data,the regression coefficients are bo=373.5333 and b1=0.8553.Complete parts(a)through(d). Monthly Rent($); 9001,500,800,1600,1950,925,1825,1400, Size(Square Feet);850,1300,1050,1100,2000,650,1350,950 a.Determine the coefficient of determination, and interpret its (Round to three decimal places as needed.)