Statistics for managers individual work wk9 Coursework

Statistics for managers individual work wk9 - Coursework Example The high prices houses are said to be determined by the number of bedrooms, the age of the house, and the number of the bathrooms and their quality. The closeness to the cosmopolitan cities and the shabby (Byers et al 1997). The average selling prices of the houses in USA is also determined by other factor like the prestige associated by the locality of the house. A survey conducted on the Public opinion polls measure not only acceptance of the selling prices of the houses in USA by the citizens, but also public opinion on a wide range of social and economic issues that attribute to the prices of the houses. Public opinion is a critical force in shaping and transforming society most on the matter that influence and affect the public in general. Through opinion research, the public, the media and other interested groups have access to accurate measures of public attitudes and intentions on the issue of the selling prices of the houses. Sociologists can follow shifts of opinion on the major social problems and chart the evolution of the values. And citizens can now make themselves be heard at all times and compare their own view with those of others (Byers et al 1997). There seems to be two groups of academic researchers, in which one continues to support the high selling prices of the houses in USA and its positive impact to the economy, they believe that the main purposes of investment in real estate business is to improve real economic value. It is also agreed that housing leads to improvement in productivity, innovation, and job creation in every field of economy (Kraemer and Dedrick 1996; Agarwal, 1997; Shin 1999; Gray et al, 2000; Lee & Bose 2002; Laudon and Laudon, 2011; and Gecti and Dastan, 2013). The other group criticizes the bad impact of high selling prices of the houses on ecomony and the fact that high selling prices lead to development of low house quality leading to