Tony Zamora, a Real Estate Investor, Has Just Moved to Clarksville

question 20

Essay

Tony Zamora, a real estate investor, has just moved to Clarksville and wants to learn about the local real estate market. He wants to understand, for example, the relationship between geographical segment of the city and selling price of a house, the relationship between selling price and number of bedrooms, and so on. Tony has randomly selected 25 house-for-sale listings from the Sunday newspaper and collected the data listed below.
a. Construct a crosstabulation for the variables segment of city and number of bedrooms.
b. Compute the row percentages for your crosstabulation in part (a).
c. Comment on any apparent relationship between the variables.

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Definitions:

Centers of Higher Learning

Institutions such as universities and colleges that offer advanced educational opportunities beyond secondary level, including research and professional degrees.

Timbuktu

An ancient city in Mali, historically significant as a center of Islamic scholarship and trade, known for its historic mosques and libraries containing valuable manuscripts.

Sixteenth Century

The period from 1501 to 1600, marked by significant global exploration, cultural exchanges, and the beginning of the European Renaissance.

Political Authority

A concept referring to the legal and formal right to make decisions, direct resources, and command obedience within a society.