Thursday, May 16, 2019

A New Housing Development in the North Essex Assignment - 1

A New Housing ontogeny in the North Essex - Assignment ExampleA different types of property mix found in these areas, whether the property infrastructure differs between these areas, the cost comparison of different properties in these areas and any interesting cheek near these areas that can add shelter to the aforesaid property and finally what are the issues how the total determine of a property may be considered. It is an accepted fact in the Real Estate attention that the price of any property will vary with location total carpet area, amenities and value additions like nearby supermarkets, swimming pool, and open space. Hence each variable must be considered piece of music proposing a new establishment both for cost effectiveness and customer focus (Pagourtzi et al, 2003).Data assembling We have considered housing properties in Colchester, Mersea Island, and Jaywick and details were collected from http//www.rightmove.co.uk/.We selected 58 properties in Jaywick, 60 in Mer sea Island and 59 in Colchester so a total of 178 properties were selected. The distribution was more or less equal.For the above abstract and comparison, t-tests and ANOVAs were conducted and the p-value was noted. The hypothesis was that if the p-value is less than 0.05 it will sozzled that there is a significant difference between the thoughtfulnesss and the observation has not taken place overdue to chance factors of random sampling and if the p-value is more than 0.05 it will mean that there is a no significant difference between the observations and the observation has taken place due to chance factors of random sampling (Warne et al, 2012).Further, a multiple regression equation was conducted to find how does pricing of a property relate to the various independent variables like bedrooms, parking space, and others. The equation was done through the software system based on R programming language (Wessa, 2014).

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