edmonton condos – Yahoo! Canada Answers – Stats Probability 2-Way ANOVA?
Stats Probability 2-Way ANOVA?
Suppose, when comparing house prices, we were interested in determining whether house prices differed among Toronto, Edmonton, and Montreal, and also whether they differed among high-rise condos, townhouses, ranch-style houses, and multi-level houses. We randomly select three recently sold houses from each of the 12 location-type combinations (e.g., three high-rise condos in Toronto), and the samples produce the following sale prices (in $1000’s).
Price ($1000s)
Edmonton Toronto Montreal
High rise Condos 315 325 360
325 340 325
295 310 330
Townhouses 285 360 350
310 315 355
290 345 370
Ranch-style houses 420 380 400
455 340 410
480 360 395
Multi-level houses 420 430 360
430 450 375
410 450 375
a) Using graphical evidence, discuss whether you suspect an interaction between the two factors. Do you suspect there are any main effects? Explain briefly.
b) Perform the appropriate hypothesis test to confirm whether there is an interaction.
c) Test for a main effect due to housing type. Is it meaningful to talk about such a main effect?
d) Using graphs, determine whether or not the underlying assumptions are valid or warranted. Explain briefly.
e) After looking at the plot of all the treatment means, you decide to see if there is sufficient evidence (at the 5% significance level) of a difference in mean sale prices between townhouses in Toronto and ranch-style houses in Edmonton. Perform such a test. Why is it necessary to use multiple comparisons?
f) Ignoring location (city), perform the appropriate non-parametric test to determine if there is a difference in the median selling prices for different types of housing. Does it make sense to ignore location for this test?
Local News – Grande Prairie Daily Herald-Tribune
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The Canadian Real Estate Investment Trust (CREIT) completed a $39 billion purchase in a group of retail businesses in Edmonton on December 30. The buy comprises a stake worth 50 percent in stores that are a portion of the South Edmonton Common shopping area. CREIT reports that it plans to assume a first mortgage of $5.7 million, with a 5.9 percent interest rate and an 8.2-year term toward maturity.
At present, the South Edmonton Common shopping centre has 2.1 million in retail area square footage. Properties include Home Depot, Walmart, a Loblaw Superstore and IKEA. The stake purchase by CREIT contains 60,000 feet of completely developed space for lease, property being redeveloped, as well as land designated for development. Current tenants in this space are Petro-Canada, The Keg Steakhouse and Tim Hortons/Wendy’s. These properties have an average of eight years remaining on their leases in the shopping centre.
When completely developed, it is estimated that the total area available for lease in the property bought by CREIT will be in the neighbourhood of 550,000 square feet. The overall investment is projected to be approximately $65 million. CREIT President and CEO Stephen Johnson noted that South Edmonton Common has become one of the most successful outdoor shopping centers in Canada. Grosvenor Canada, Ltd. and Cameron Development Corporation first developed the property. Cameron will continue to be the owner of the 50 percent interest in properties not acquired by CREIT. The corporation will continue in its position of development manager for any undeveloped retail land purchased by CREIT.
Ryan Philipenko
Edmonton Commercial Agent
Article Source:
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