The real estate market has changed since the time when “location, location, location” was the only factor affecting house pricing. Today potential home buyers take into considerations different variables ,such as number of bedrooms, square footage and distance from the city.. The variable that team B found to be the most important when it comes to buying a home is; home selling price, number of bedrooms, and location. For all of the chosen variables, Team b calculated the measures of central tendency and dispersion. Team b did the calculations on the two most common measures of central tendency, the mean, and median.
In the real estate data researched by team B, the team found that the average price that homebuyers are looking for starts at around $190,000 with a maximum price of $ 300.000. These are the prices that the average homebuyer is looking to pay. This gives a difference of $110,000 between the two prices. The mean or average price that buyers are looking for would be $200,000. According to "Trulia" (2012), In Houston Texas the average selling price for a single family home is between $ 111,000 to 136,000. The high end selling price on average for a single family home in Houston Texas is $173,000. The mean or average home selling price for a single family home in Houston Texas is $140,000. This price is still within the $190,000 to $300,000 range that most buyers are looking for. The variance in this data would be $ 973, 000,. The standard deviation would be equal to $ 31192.94.

References
Trulia. (2012). Retrieved from