Before you proceed, you need to have Dataset 1 and Dataset 2 ready: Dataset 1: Collect data on international students’ weekly rent (in Australian Dollars). There is no requirement about sampling...


Before you proceed, you need to have Dataset 1 and Dataset 2 ready:
Dataset 1: Collect data on international students’ weekly rent (in Australian Dollars). There is no requirement about sampling methods and sample size, but you need to justify your approaches in Section 1 (see below).
Dataset 2: You will receive an email about the instruction to download the Rental Bond Board Property Data dataset that has been edited and allocated to you. This is a subset of NSW Rental Bonds data published by the Department of Finance, Services and Innovation. The original dataset can be obtained from https://data.nsw.gov.au/data/dataset/formal-gipa-access-application-2016-2017-fa-13
Both datasets should be saved in an Excel file (one file, separate worksheets). All data processing should be performed primarily in Excel, or by using Statkey tool (http://www.lock5stat.com/StatKey).
1. Section 1: Introduction
a. Give a brief introduction about the assignment
b. Dataset 1: Explain how you collect the data and discuss whether or not your sample is biased. Is this primary or secondary data? What type of variable(s) is involved? You don’t need to display your data in this section.
c. Dataset 2: Give a short description about this dataset. Is this primary or secondary data? What type of variable(s) is involved? Display the first 5 cases of your dataset.
2. Section 2: International Students’ Weekly Rent Use Dataset 1
a. Present your data using a suitable graphical display and numerical summary.
b. Make a short comment about the distribution of your data (e.g. the shape, centre, spread, outlier, and any interesting point).
3. Section 3: Rental Bond Board Property Data – Dwelling Type
Use Dataset 2
a. Examine just the data relating to Dwelling Type. Describe the data using a suitable
graphical display and numerical summary.
b. Is there enough evidence that the proportion of House dwelling type is less than
10%? Perform a suitable hypothesis test at a 5% level of significance.
c. Describe the relationship between the variables Dwelling Type and Suburb using
suitable graphical display and numerical summary.
d. What suggestions can you give for clients who would prefer to rent a house instead
of a flat, in terms of their options?
4. Section 4: Rental Bond Board Property Data – Weekly Rent
Use Dataset 2
a. By considering residential with 2 bedrooms only, compare the weekly rent among
the different suburbs using a suitable graphical display and numerical summary.
b. By considering residential with 2 bedrooms only, is there any evidence of the
difference in weekly rent among the different suburbs? Perform a suitable
hypothesis test at a 5% level of significance.
c. What suggestions can you give for clients who are deciding to rent in one of those
suburbs, in terms of the Weekly Rent?
5. Section 5: Bond Amount
Use Dataset 2
a. Examine the relationship between the variables Weekly Rent and Bond Amount,
using a suitable graphical display.
b. Calculate the correlation coefficient and make comments, including any outliers that
may present and what suggestions can you give to clients regarding bond amount.
6. Section 6: Conclusion
a. What can you conclude about the weekly rent currently paid by international
students and the weekly rent of properties on the market?
b. Give suggestion for future research





Oct 07, 2019
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