Excel Project Example

xlsx

School

Los Angeles City College *

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Course

102

Subject

Statistics

Date

Jan 9, 2024

Type

xlsx

Pages

13

Uploaded by GeneralComputer1899

Report
SUMMARY OUTPUT Regression Statistics Multiple R 0.95102034 R Square 0.90443969 Adjusted R S 0.84073282 Standard Erro 108192.566 Observations 6 ANOVA df SS MS F Significance F Regression 2 3.3237E+11 1.6618E+11 14.1968941 0.02954039 Residual 3 3.5117E+10 1.1706E+10 Total 5 3.6748E+11 CoefficientsStandard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Intercept 5656.14957 121167.28 0.0466805 0.96570153 -379952.213 391264.512 -379952.213 Size 382.114033 74.6195634 5.12082911 0.0144153 144.641279 619.586787 144.641279 Bedrooms -164845.201 50826.8817 -3.24326804 0.04773246 -326599.023 -3091.37901 -326599.023
Upper 95.0% 391264.512 619.586787 -3091.37901
URL https://www.zillow.com/homedetails/152-Summer-St-152-Portland-CT-06480/2061572482_zpid/ https://www.zillow.com/homedetails/75-Middle-Haddam-Rd-Portland-CT-06480/57875428_zpid/ https://www.zillow.com/homedetails/273-William-St-Portland-CT-06480/57876302_zpid/ https://www.zillow.com/homedetails/62-Chatham-Holw-Portland-CT-06480/243845276_zpid/ https://www.zillow.com/homedetails/79-Old-Farms-Rd-South-Glastonbury-CT-06073/174062947_zpid/ https://www.zillow.com/homedetails/201-College-St-UNIT-9-Middletown-CT-06457/57865989_zpid/
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Price Size Bedrooms DetachedHome 500000 3965 6 1 819900 2957 2 1 235000 1314 2 0 699000 3494 4 1 345000 1943 3 1 119900 1550 2 0 453133.3 2537.167 3.166667 0.666666667 271103 1091.253 1.602082 0.516397779
SUMMARY OUTPUT Regression Statistics Multiple R 0.974826475 R Square 0.950286657 Adjusted R S 0.875716642 Standard Erro95574.22219 Observations 6 ANOVA df SS MS F Significance F Regression 3 3.49215E+11 1.16405E+11 12.74354922 0.073635408 Residual 2 18268863894 9134431947 Total 5 3.67484E+11 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Intercept 54458.30899 112906.5739 0.482330719 0.677198691 -431339.469 540256.0873 -431339.469 Size 300.3992741 89.24813919 3.365888374 0.078070753 -83.6044756 684.4030238 -83.6044756 Bedrooms -153590.035 45657.44747 -3.363964551 0.078149876 -350038.176 42858.10622 -350038.176 DetachedHo 184320.6642 135718.8688 1.358106399 0.307345726 -399630.497 768271.8253 -399630.497
Upper 95.0% 540256.087276048 684.40302384668 42858.1062245461 768271.82533916
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SUMMARY OUTPUT Regression Statistics Multiple R 0.97482647516 R Square 0.95028665667 Adjusted R Square 0.87571664168 Standard Error 95574.2221875 Observations 6 ANOVA df SS MS F Significance F Regression 3 349215249440 116405083147 12.743549224 0.07363540808 Residual 2 18268863893.5 9134431946.75 Total 5 367484113333 Coefficients Standard Error t Stat P-value Lower 95% Intercept 54458.308985 112906.5738753 0.48233071925 0.6771986906 -431339.46931 Size 300.399274137 89.24813918978 3.36588837441 0.0780707528 -83.604475573 Bedrooms -153590.03477 45657.44747203 -3.3639645508 0.0781498763 -350038.17577 DetachedHome 184320.664155 135718.8687682 1.35810639912 0.3073457264 -399630.49703 The effect of size, bedrooms, whether the house is a detached hom None of the x-variables are significant because their p-values are all larger than 5% R-squared 95% of the variation in house prices can be explained by the variatio No, this model is not significant. The p-value of F is .07 which is larger than the alpha This means we fail to reject the null hypothesis that states that none of the variables In other words, we not have evidence that at least one of these variables matters. b1 300 On average, for each extra one s b2 -153590 On average, for each extra bedro b3 184320 On average, a detached home w 1000 square foot, 2 bedrooms, detached home 1. What is this model telling us? 2. Which of these variables are individually significant at 5%? a. Give your reason 3. How much of the variation in house price is explained by the variation in the independe 4. Is the overall model significant at 5%? 5. Tell me what b1, b2, and b3 mean
231998.177728
Upper 95% Lower 95.0% Upper 95.0% 540256.08728 -431339.46931 540256.08728 684.40302385 -83.604475573 684.40302385 42858.106225 -350038.17577 42858.106225 768271.82534 -399630.49703 768271.82534 me on house price ons in size, bedroom and whether the house is detached. a of .05 es matter. square foot in size, the house price will go up by $300 oom, the house price will decrease by $150,000. will be worth 184,000 MORE than an attached home ent variables?
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SUMMARY OUTPUT Regression Statistics Multiple R 0.95102034377 R Square 0.90443969427 Adjusted R Square 0.84073282378 Standard Error 108192.566322 Observations 6 ANOVA df SS MS F Significance F Regression 2 332367219112 166183609556 14.196894108 0.02954039484 Residual 3 35116894221.72 11705631407 Total 5 367484113333 Coefficients Standard Error t Stat P-value Lower 95% Intercept 5656.14957484 121167.279935 0.046680503 0.9657015256 -379952.21278 Size 382.114032678 74.61956341616 5.12082911216 0.0144152993 144.641278783 Bedrooms -164845.20089 50826.88170221 -3.2432680379 0.0477324553 -326599.02277 The effect of size and bedrooms on house price Both size and bedrooms are individually significant. Both have p-val R-squared 90% of house price can be explained by size and n Yes, this model is significant. The p-value of F is .029 which is less th We reject H0. we have evidence of H1 which says at least one of the b1 382 On average, as th b2 -165000 On average, as yo Yes it is 1. What is this model telling us? 2. Which of these variables are individually significant at 5%? a. Give your reason 3. How much of the variation in house price is explained by the var 4. Is the overall model significant at 5%? 5. Tell me what b1, b2, and b3 mean a. Is this model significant? b. Is this model better or worse than the first one (th
The model with the 3 variables is better since the 6 1000 square foot, 2 bedrooms 58079.780473 i. How do you know?
Upper 95% Lower 95.0% Upper 95.0% 391264.511925 -379952.21278 391264.511925 619.586786574 144.641278783 619.586786574 -3091.3790078 -326599.02277 -3091.3790078 lue of t-stat as less than alpha (5%) number of bedrooms han .05 (alpha) ese variables matters. he size of the house increases by a square foot, the price would increase by 382$ ou get one extra bedroom, the price of the house would decrease by 165000 riation in the independent variables? he one with size, bedroom, detachedHome)?
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e adjusted R-squared is higher