Homework Help is Here – Start Your Trial Now!
Math
Statistics
A Realtor in Massachusetts is analyzing the relationship between the sale price of a home (in $), it's the square footage (in ft2), the number of bedrooms, the number of bathrooms, and a colonial dummy variable (colonial equals 1 if a colonial-style home; 0 otherwise). The relater collects data of 36 sales in Massachusetts for analysis. The attached file “quiz_dataset1” contains the data.  Build a parsimonious linear regression model. Use the model to predict the price of a 2100 ft2 colonial style home with two bedrooms and two bathrooms.  Select one: a. 570268.3 b. 554347.1 c. 535347.1 d. None of the above

A Realtor in Massachusetts is analyzing the relationship between the sale price of a home (in $), it's the square footage (in ft2), the number of bedrooms, the number of bathrooms, and a colonial dummy variable (colonial equals 1 if a colonial-style home; 0 otherwise). The relater collects data of 36 sales in Massachusetts for analysis. The attached file “quiz_dataset1” contains the data.  Build a parsimonious linear regression model. Use the model to predict the price of a 2100 ft2 colonial style home with two bedrooms and two bathrooms.  Select one: a. 570268.3 b. 554347.1 c. 535347.1 d. None of the above

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

A Realtor in Massachusetts is analyzing the relationship between the sale price of a home (in $), it's the square footage (in ft2), the number of bedrooms, the number of bathrooms, and a colonial dummy variable (colonial equals 1 if a colonial-style home; 0 otherwise). The relater collects data of 36 sales in Massachusetts for analysis. The attached file “quiz_dataset1” contains the data. 

Build a parsimonious linear regression model. Use the model to predict the price of a 2100 ft2 colonial style home with two bedrooms and two bathrooms. 

Select one:
a. 570268.3
b. 554347.1
c. 535347.1
d. None of the above
Price 840000 822000 713000 689000 685000 645000 625000 620000 587500 585000 583000 569000 546000 540000 537000 516000 511000 510000 495000 463000 457000 451000 435000 431700 414000 401500 399000 380000 380000 375900 372000 367500 356500 330000 330000 307500 Sqft 2768 2500 2400 2200 2716 2524 2732 2436 2100 1947 2224 3262 1792 1488 2907 1951 1752 1727 1692 1714 1650 1685 1500 1896 1182 1152 1383 1344 1272 2275 1005 1272 1431 1362 1465 850 Beds 4 4 3 3 3 3 4 4 3 3 3 4 3 3 3 4 3 3 3 3 3 3 3 2 2 3 4 4 3 5 2 3 2 3 3 1 Baths 3.5 2.5 3 2.5 3.5 in w 5i 2 2.5 3.5 1.5 1.5 2.5 2 2 1.5 2.5 2 1.5 2 2 2 2 2 1.5 1.5 1.5 1 1 2 1 1 1 1 2 1 1 1 Col 1 1 1 1 1 1 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0
Transcribed Image Text:Price 840000 822000 713000 689000 685000 645000 625000 620000 587500 585000 583000 569000 546000 540000 537000 516000 511000 510000 495000 463000 457000 451000 435000 431700 414000 401500 399000 380000 380000 375900 372000 367500 356500 330000 330000 307500 Sqft 2768 2500 2400 2200 2716 2524 2732 2436 2100 1947 2224 3262 1792 1488 2907 1951 1752 1727 1692 1714 1650 1685 1500 1896 1182 1152 1383 1344 1272 2275 1005 1272 1431 1362 1465 850 Beds 4 4 3 3 3 3 4 4 3 3 3 4 3 3 3 4 3 3 3 3 3 3 3 2 2 3 4 4 3 5 2 3 2 3 3 1 Baths 3.5 2.5 3 2.5 3.5 in w 5i 2 2.5 3.5 1.5 1.5 2.5 2 2 1.5 2.5 2 1.5 2 2 2 2 2 1.5 1.5 1.5 1 1 2 1 1 1 1 2 1 1 1 Col 1 1 1 1 1 1 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar 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
SEE MORE TEXTBOOKS