Individual assignment

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Scenario

A scenario is given in MIS770 – Foundation Skills in Data Analysis that has been used to visualization of results in concern of house prices of Victoria Australia. The outcomes of analysis conducted in this research is quoted in this research by the use of quantitative analysis, according to the case Emma need to analyze the data for its company so that the owner of the company can invest worthwhile. The effect of increase in the price of house on the housing affordability in Melbourne can be evaluated by the using the statistics. Following is the detailed description of the questions that are included in this research and different statistical test can be performed to answer the following research questions:

Question1:

In this question1 of MIS770 – Foundation Skills in Data Analysis the descriptive analysis of house prices in kingfisher bay will be performed and this descriptive analysis help to identify the shapes related to corresponding attribute. The average value can be evaluated by the use of this analysis.

Question2:

In this question 2 of MIS770 – Foundation Skills in Data Analysis the differences in the prices of houses related to kingfisher bay has been evaluated by the use of quantitative analysis. The difference will be evaluated by using the Pivot analysis and count will be used to evaluate the difference between the values or the attributes.

Question 3:

In this question of MIS770 – Foundation Skills in Data Analysis the brief summary on the condition of houses available in in Victoria. The analysis of data will be by using graphs and plots. The visualization of data for providing the summary will be done in this approach and the difference among the suburbs in term of the condition has also been evaluated in by using the statistical approaches.

Question4:

In question 4 of MIS770 – Foundation Skills in Data Analysis the relationship between the variables called as rooms, house area, weekly rent and land size has been evaluated by the using the correlation parameters. The correlation between the parameters will help to identify the differences and dependencies between the attributes and parameters. The positive and negative relationship between the factors will be explored by the use of correlation factor.

Question5:

In question5 the given template will be used to evaluate the relationship between hen given parameters. The opportunity related to purchase of land that is available in different areas can be evaluated and explored by using the CI_proportion template provided in this assessment. The land size that will be evaluated in this approach comprises of 1000m square and estimated average land size will also have evaluated in this approach.

Question6

The housing affordability and rental properties available right across Melbourne Australia, the claim quoted by the senior manager that the availability of vacant house has been dropped by 25% and this analysis will help to validate the hypothesis that is framed or given in this file. The templates will be used to evaluate this hypothesis and the template comprises of “HT_Mean/HT_Proportion”, “CI_Mean/CI_Proportion”, “SampleSize” will be used in this file.

Question7:

In this question, the estimation of true proportion of houses of land size will also be done in this approach by considering the use of “CI_Mean/CI_Proportion”, “SampleSize” and “HT_Mean/HT_Proportion”, templates. The issues related to lot of work required for evaluating and validating the provided hypothesis can be reduced by making the use of these templates. The generalization of results is also performed by comprising the use of corresponding templates and the validation of hypothesis can also be performed that help improve the reliability of research.

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