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I have a list of prices for condos.
Instead of having an x-axis with an typical increment of $25K I'd like to
have a scale that reflects the number of condos that have a particular
price.
For instance if most of the condos are between 200K and 400K I might have a
scale like:
<=100K 200K 225K 250K 275k >=300K
How could I compute a scale like this? Thanks.
W. Pooh (AKA Winnie P.)
Ray Koopman
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Apr 10, 2012, 11:39:58 AM4/10/12
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List the prices in order (lowest to highest), then pick cutpoints so
that the number and size of the resulting groups suit your purposes.
Christopher M.
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Apr 10, 2012, 1:21:23 PM4/10/12
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"Ray Koopman" <koo...@sfu.ca> wrote in message
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Kind of like a bunch of medians, I guess.
Thanks. Math is some powerful stuff.
Odysseus
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Apr 10, 2012, 10:25:11 PM4/10/12
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Another approach that might be useful -- depending on the distribution
of the data set and what you're doing with it -- is to base the size of
the bins on a function of difference from the mean, perhaps a
logarithmic one.
--
Odysseus
Christopher M.
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Apr 13, 2012, 5:08:51 PM4/13/12
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"Odysseus" <odysseu...@yahoo-dot.ca> wrote in message
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