$20 Bonus + 25% OFF
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

BUS708 Statistics And Data Analysis

tag 1 Download4 Pages / 913 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT


Overview Of The Assignment

This assignment will test your skill to collect and analyse data to answer a specific business problem. It will also test your understanding and skill to use statistical methods to make inferences about business data and solve business problems, including constructing hypotheses, test them and interpret the findings.

Suppose you work in a company that provide services for people worldwide who are moving to Australia either permanently or temporarily (e.g. international students). One of the services it provides is to assist clients with choosing accommodation. Your task is to analyse the rent in different suburbs in Sydney Metro, specifically 4 different suburbs: Sydney, Randwick, Parramatta, and Auburn and analyse the rent that international students currently pay.


Before you proceed, you need to have Dataset 1 and Dataset 2 ready:

Dataset 1: Collect data on international students’ weekly rent (in Australian Dollars). There is no requirement about sampling methods and sample size, but you need to justify your approaches in Section 1 (see below).

Dataset 2: You will receive an email about the instruction to download the Rental Bond Board Property Data dataset that has been edited and allocated to you. This is a subset of NSW Rental Bonds data published by the Department of Finance, Services and Innovation. The original dataset can be obtained from https://data.nsw.gov.au/data/dataset/formal-gipa-access-application-2016-2017-fa-13

Both datasets should be saved in an Excel file (one file, separate worksheets). All data processing should be performed primarily in Excel, or by using Statkey tool (http://www.lock5stat.com/StatKey).

Section 1: Introduction

  1. Give a brief introduction about the assignment
  1. Dataset 1: Explain how you collect the data and discuss whether or not your sample is biased. Is this primary or secondary data? What type of variable(s) is involved? You don’t need to display your data in this section.
  1. Dataset 2: Give a short description about this dataset. Is this primary or secondary data? What type of variable(s) is involved? Display the first 5 cases of your dataset.

Section 2: International Students’ Weekly Rent Use Dataset 1 

  1. Present your data using a suitable graphical display and numerical summary.
  2. Make a short comment about the distribution of your data (e.g. the shape, centre, spread, outlier, and any interesting point).

Section 3: Rental Bond Board Property Data – Dwelling Type Use Dataset 2 

  1. Examine just the data relating to Dwelling Type. Describe the data using a suitable graphical display and numerical summary.
  2. Is there enough evidence that the proportion of House dwelling type is less than 10%? Perform a suitable hypothesis test at a 5% level of significance.
  3. Describe the relationship between the variables Dwelling Type and Suburb using suitable graphical display and numerical summary.
  4. What suggestions can you give for clients who would prefer to rent a house instead of a flat, in terms of their options?

Section 4: Rental Bond Board Property Data – Weekly Rent Use Dataset 2 

  1. By considering residential with 2 bedrooms only, compare the weekly rentamong the different suburbs using a suitable graphical display and numerical summary.
  2. By considering residential with 2 bedrooms only, is there any evidence of the difference in weekly rent among the different suburbs? Perform a suitable hypothesis test at a 5% level of significance.
  3. What suggestions can you give for clients who are deciding to rent in one of those suburbs, in terms of the Weekly Rent?

Section 5: Bond Amount Use Dataset 2 

  1. Examine the relationship between the variables Weekly Rent and Bond Amount, using a suitable graphical display.
  2. Calculate the correlation coefficient and make comments, including any outliers that may present and what suggestions can you give to clients regarding bond amount.

Section 6: Conclusion 

  1. What can you conclude about the weekly rent currently paid by international students and the weekly rent of properties on the market?
  2. Give suggestion for future research
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Unique Document

Under Evaluation

Get Money
into Your Wallet

Total 4 pages, 1 USD Per Page

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). Statistics And Data Analysis. Retrieved from https://myassignmenthelp.com/free-samples/bus708-statistics-and-data-analysis/property-data-dataset.html.

My Assignment Help (2021) Statistics And Data Analysis [Online]. Available from: https://myassignmenthelp.com/free-samples/bus708-statistics-and-data-analysis/property-data-dataset.html
[Accessed 17 September 2021].

My Assignment Help. 'Statistics And Data Analysis' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/bus708-statistics-and-data-analysis/property-data-dataset.html> accessed 17 September 2021.

My Assignment Help. Statistics And Data Analysis [Internet]. My Assignment Help. 2021 [cited 17 September 2021]. Available from: https://myassignmenthelp.com/free-samples/bus708-statistics-and-data-analysis/property-data-dataset.html.

Myassignmenthelp.com is the best paper writing service providing help on all types of academic papers be it essays, dissertations, thesis, homework/coursework and others. All the papers are multiple checked for accuracy of solutions and rid of any instance of plagiarism through plagiarism detection tools. We provide research paper topic ideas, research project ideas along with other papers. We offer proofreading, ghost writing and editing help on all papers.

Latest Statistics Samples

STA101 Business Statistics

Download : 0 | Pages : 8

Answer: Tourist venture in Australia Every year several tourist flock Australia with the aim of experiencing the beauty of this great nation. It is the expected that every time a visitor comes into the country should have the most thrilling experience. An amazing experience would have tourists speaking about Australia for quite a long time. In fact, a great experience during the visit would make the tourist ambassadors of Australia with regar...

Read More arrow Tags: Australia Noble Park Economics macro economics University of New South Wales Humanities 

STT100 Statistics For Business

Download : 0 | Pages : 10

Answer: Every business is profit oriented. However, the profits are only possible through the development of strategic goals and allocating resources and efforts to the activities that would be useful in achieving the desired goals and objectives (Ulrich, 2003). Hikins & Main, a real estate’s service company that operates across the globe is not an. A multinational organization that spans different markets would be more tha...

Read More arrow Tags: Australia Melbourne Management University of Melbourne 

FBUS105 Statistics

Download : 0 | Pages : 3

Answers: 1. The relevant hypotheses to be tested are outlined below. Null Hypothesis: µFEMALE = 2,561.5 kcal/day Alternative Hypothesis: µFEMALE > 2,561.5 kcal/day The relevant test to be applied is right tail z test as the population standard deviation is known and also the sample size is greater than 30 (as per Central Limit Theorem). Sample mean = 2403.7 kcal/d Sample size = 201 Populations standard deviation...

Read More arrow

BUS 105 Business Statistics

Download : 0 | Page : 1

Answer: X1 X2 X3 X4 X5 X6 231 3 294 8.199999809 8.199999809 11 156 2.200000048 232 6.900000095 4.099999905 12 10 0.5 149 3 4.300000191 15 519 5.5 600 12 16.10000038 1 437 4.400000095 567 10.60000038 14.10000038 5 487 4.800000191 571 11.80000019 12.69999981 4 299 3.099999905 512 8.1 10.10000038 10 195 2.5 347 7.699999809 8.4 12 20 1.200000048 212...

Read More arrow Tags: Australia Melbourne Management Event Report University of Melbourne 

MATH1046 Statistics

Download : 0 | Pages : 6

Answer: Introduction: The report gives an idea about the average market price of the sunflower oil seeds that are required to produce the oil. The price forecast figures, the price of raw materials and the optimum strategy that would be required to buy the raw materials are given in the report. The company buys the raw sunflower seeds from the growers. There are 3 suppliers from whom the Company Turnsol buys the sunflower seeds. The purchase ...

Read More arrow Tags: Australia Mckinnon Management Masters in Business Administration Victoria University 

5% Cashback

On APP - grab it while it lasts!

Download app now

*Offer eligible for first 3 orders ordered through app!

callback request mobile
Have any Query?