Generate a Representative Sample of the Data 2024

Generate a Representative Sample of the Data 2024

Generate a Representative Sample of the Data 2024.

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Generate a Representative Sample of the DataSelect a region and generate a simple random sample of 30 from the data.Report the mean, median, and standard deviation of the median listing price and the median square foot variables.Analyze Your SampleDiscuss how the regional sample created is reflective of the national market.

Compare and contrast your sample with the population using the National Statistics and Graphs document.Explain how you have made sure that the sample is random.Explain your methods to get a truly random sample.Generate ScatterplotCreate a scatterplot of the x and y variables noted above and include a trend line.

Observe patternsAnswer the following questions based on the scatterplot:Define x and y. Which variable is useful for making predictions?Is there an association between x and y? Describe the association you see in the scatter plot.