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. Lot Size Туре of house Price Living Area Age 255 1.4 2500 8 T 178 0.9 2250 12 T T 263 1.8 2900 1800 3200 127 0.7 24 305 2.6 10 T. 164 1.2 2400 18 245 2.1 2700 9. T 146 1.1 2050 28 V 287 2.8 2850 13 V 2600 2300 189 1.6 9. V 211 1.7 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?
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. Lot Size Туре of house Price Living Area Age 255 1.4 2500 8 T 178 0.9 2250 12 T T 263 1.8 2900 1800 3200 127 0.7 24 305 2.6 10 T. 164 1.2 2400 18 245 2.1 2700 9. T 146 1.1 2050 28 V 287 2.8 2850 13 V 2600 2300 189 1.6 9. V 211 1.7 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?
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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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?
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