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>>}>> >
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
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