Seattle housing, graphs and table, statistic

At this point, you should have created the basic statistical tables to be utilized in your final Memo #1.    Now you will do the actual analysis, which will take the following form.

You are a real estate analyst, writing a memo to your clients about changes in the Seattle housing market between 2000 and the present.  You will utilize the tables and graphs generated for the first part of the assignment (incorporating my feedback where it is necessary).

Begin the memo with a brief section that provides relevant background information and engages the readers' interest.  Include a discussion of the data including the overall sample size, the sample size for each year, the sampling method, the sampled population, and the time frame.

Then provide at least two paragraphs analyzing the current housing market (2000 to present) as well as changes from year to year.  While the focus is on statistics pertaining price and price per square foot, you may also choose to explore how house sale price varies as a function of other attributes of the home. 

In addition to the table generated for the first part of the assignment, present one or two illustrative figure(s) or graph(s) showing changes in median price and median price per square foot over time.  Provide a brief but interesting discussion of the numerical descriptive statistics as well as the figure(s)/graph(s).  Which descriptive statistics are best used to describe this data (in other words, why do we use the median)?

Provide a brief section at the end of your report discussing any limitations on your findings.

Assume that your audience is familiar with the following terminology: mean, median, standard deviation, minimum, maximum, range, and sample.

Limit the report to a maximum of 2single-spaced pages, which includes the graphs and tables that you have created.   1" margins and 12 point font, please.

For examples of effective figures/graphs, please see this recent article from the Seattle Times (Links to an external site.) about the local housing market.

Rubric

Memo #1 Rough Draft Rubric

Memo #1 Rough Draft Rubric Criteria	Ratings	Pts
This criterion is linked to a Learning OutcomeDescriptive Statistics Tables As specified in the assignment page, the memo is to have two tables: (1) an overall breakdown of sales price and price per square foot and (2) a by-year breakdown of these two outcomes. Tables must use appropriate descriptive statistics to summarize these outcomes.		5 pts
This criterion is linked to a Learning OutcomeGraphs The memo should have two graphs that help illustrate the author's assertions about the Seattle housing market and changes it has experienced over the time period represented in the dataset.		5 pts
This criterion is linked to a Learning OutcomeInterpreting Descriptives The piece adheres to the structural guidelines in the instruction sheet. The author discusses descriptive statistics appropriately and goes beyond just interpreting mean/median values.		5 pts
This criterion is linked to a Learning OutcomeGrammar, Spelling, Formatting Appropriate grammar, spelling, and organization of the writing. Pieces is written clearly.		5 pts
Total Points: 20

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