2. A real estate expert wanted to find the relationship between the sale price of houses and various characteristics of the houses. He collected data on five variables, recorded in the table, for 12 houses that were sold recently. The five variables are: Price: Lot Size: Sale price of a house in thousands of dollars. Size of the lot in acres. Living Area: Living area in square feet. Age: Type of house: town house (T) or Villa (V) Age of a house in years. Lot Size Туре of house Price Living Age Area 255 1.4 2500 8 T 178 0.9 2250 12 263 1.8 2900 5 T 127 0.7 1800 24 305 2.6 3200 10 T. 164 1.2 2400 18 T 245 2.1 2700 9. 146 1.1 2050 28 V 287 2.8 2850 13 189 1.6 2600 9. V 211 1.7 2300 8. V 123 0.5 1700 11 V a) Find the regression equation for the town house b) Find the regression equation for the Villa c) What is the price of a town house with a lot size of 1.3, living area of 1800, and is 7 years old? EBBABBB>>}>> >

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

USING SPSS

2. A real estate expert wanted to find the relationship between the sale price of houses
and various characteristics of the houses. He collected data on five variables,
recorded in the table, for 12 houses that were sold recently. The five variables are:
Sale price of a house in thousands of dollars.
Size of the lot in acres.
Price:
Lot Size:
Living Area: Living area in square feet.
Age:
Type of house: town house (T) or Villa (V)
Age of a house in years.
Price
Lot Size
Living
Area
Age
Туре
of
house
255
1.4
2500
8
T
178
0.9
2250
12
T
T.
T.
T.
263
1.8
2900
5
0.7
2.6
127
1800
24
305
3200
10
164
1.2
2400
18
245
2.1
2700
T
V
146
1.1
2050
28
287
2.8
2850
13
V
189
1.6
2600
9
211
1.7
2300
8
V
123
0.5
1700
11
V
a) Find the regression equation for the town house
b) Find the regression equation for the Villa
c) What is the price of a town house with a lot size of 1.3, living area
of 1800, and is 7 years old?
EBBBBE A> >}>l> >{
Transcribed Image Text:2. A real estate expert wanted to find the relationship between the sale price of houses and various characteristics of the houses. He collected data on five variables, recorded in the table, for 12 houses that were sold recently. The five variables are: Sale price of a house in thousands of dollars. Size of the lot in acres. Price: Lot Size: Living Area: Living area in square feet. Age: Type of house: town house (T) or Villa (V) Age of a house in years. Price Lot Size Living Area Age Туре of house 255 1.4 2500 8 T 178 0.9 2250 12 T T. T. T. 263 1.8 2900 5 0.7 2.6 127 1800 24 305 3200 10 164 1.2 2400 18 245 2.1 2700 T V 146 1.1 2050 28 287 2.8 2850 13 V 189 1.6 2600 9 211 1.7 2300 8 V 123 0.5 1700 11 V a) Find the regression equation for the town house b) Find the regression equation for the Villa c) What is the price of a town house with a lot size of 1.3, living area of 1800, and is 7 years old? EBBBBE A> >}>l> >{
Expert Solution
steps

Step by step

Solved in 4 steps with 6 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman