Part A) Do buyers pay a premium for a brick house, all else being equal? Use one Excel spreadsheet labeled Prob3a to show your work for this problem. Part B) Is there a premium for a house in neighborhood 3, all else being equal? Use one Excel spreadsheet labeled Prob3b to show your work for this problem.
Part A) Do buyers pay a premium for a brick house, all else being equal? Use one Excel spreadsheet labeled Prob3a to show your work for this problem. Part B) Is there a premium for a house in neighborhood 3, all else being equal? Use one Excel spreadsheet labeled Prob3b to show your work for this problem.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
The file MidCity Download MidCitycontains data on 128 recent sales in Mid City. For each sale, the file shows the neighborhood (1, 2, or 3) in which the house is located, the number of offers made on the house, the square footage, whether the house is made primarily of brick, the number of bathrooms, the number of bedrooms, and the selling price. Neighborhoods 1 and 2 are more traditional neighborhoods, whereas neighborhood 3 is a newer, more prestigious neighborhood.
Part A) Do buyers pay a premium for a brick house, all else being equal? Use one Excel spreadsheet labeled Prob3a to show your work for this problem.
Part B) Is there a premium for a house in neighborhood 3, all else being equal? Use one Excel spreadsheet labeled Prob3b to show your work for this problem.
| Home | Nbhd | Offers | Sq Ft | Brick | Bedrooms | Bathrooms | Price |
| 1 | 2 | 2 | 1790 | No | 2 | 2 | 228600 |
| 2 | 2 | 3 | 2030 | No | 4 | 2 | 228400 |
| 3 | 2 | 1 | 1740 | No | 3 | 2 | 229600 |
| 4 | 2 | 3 | 1980 | No | 3 | 2 | 189400 |
| 5 | 2 | 3 | 2130 | No | 3 | 3 | 239600 |
| 6 | 1 | 2 | 1780 | No | 3 | 2 | 229200 |
| 7 | 3 | 3 | 1830 | Yes | 3 | 3 | 303200 |
| 8 | 3 | 2 | 2160 | No | 4 | 2 | 301400 |
| 9 | 2 | 3 | 2110 | No | 4 | 2 | 238400 |
| 10 | 2 | 3 | 1730 | No | 3 | 3 | 208000 |
| 11 | 2 | 3 | 2030 | Yes | 3 | 2 | 265000 |
| 12 | 2 | 2 | 1870 | Yes | 2 | 2 | 246000 |
| 13 | 1 | 4 | 1910 | No | 3 | 2 | 205200 |
| 14 | 1 | 5 | 2150 | Yes | 3 | 3 | 252600 |
| 15 | 3 | 4 | 2590 | No | 4 | 3 | 353600 |
| 16 | 3 | 1 | 1780 | No | 4 | 2 | 291600 |
| 17 | 2 | 4 | 2190 | Yes | 3 | 3 | 294200 |
| 18 | 1 | 4 | 1990 | No | 3 | 3 | 167200 |
| 19 | 2 | 1 | 1700 | Yes | 2 | 2 | 222800 |
| 20 | 3 | 2 | 1920 | Yes | 3 | 3 | 334400 |
| 21 | 2 | 3 | 1790 | No | 3 | 2 | 232400 |
| 22 | 1 | 4 | 2000 | No | 3 | 2 | 227600 |
| 23 | 1 | 3 | 1690 | No | 3 | 2 | 183400 |
| 24 | 1 | 3 | 1820 | Yes | 3 | 2 | 212200 |
| 25 | 2 | 2 | 2210 | Yes | 4 | 3 | 312800 |
| 26 | 1 | 3 | 2290 | No | 4 | 3 | 298600 |
| 27 | 3 | 3 | 2000 | No | 4 | 2 | 274000 |
| 28 | 2 | 2 | 1700 | No | 3 | 2 | 198600 |
| 29 | 1 | 3 | 1600 | No | 2 | 2 | 138200 |
| 30 | 3 | 1 | 2040 | Yes | 4 | 3 | 376000 |
| 31 | 3 | 3 | 2250 | Yes | 4 | 3 | 364000 |
| 32 | 1 | 2 | 1930 | Yes | 2 | 2 | 224600 |
| 33 | 2 | 3 | 2250 | Yes | 3 | 3 | 270000 |
| 34 | 2 | 4 | 2280 | Yes | 5 | 3 | 279200 |
| 35 | 1 | 3 | 2000 | No | 2 | 2 | 235600 |
| 36 | 1 | 3 | 2080 | No | 3 | 3 | 234200 |
| 37 | 1 | 2 | 1880 | No | 2 | 2 | 235000 |
| 38 | 3 | 4 | 2420 | No | 4 | 3 | 294000 |
| 39 | 3 | 1 | 1720 | No | 3 | 2 | 262600 |
| 40 | 1 | 2 | 1740 | No | 3 | 2 | 216400 |
| 41 | 2 | 1 | 1560 | No | 2 | 2 | 213200 |
| 42 | 3 | 2 | 1840 | No | 4 | 3 | 267200 |
| 43 | 2 | 3 | 1990 | No | 2 | 2 | 211200 |
| 44 | 2 | 1 | 1920 | Yes | 3 | 2 | 308000 |
| 45 | 3 | 2 | 1940 | Yes | 3 | 3 | 333000 |
| 46 | 2 | 3 | 1810 | No | 3 | 2 | 206400 |
| 47 | 1 | 2 | 1990 | No | 2 | 3 | 259600 |
| 48 | 1 | 6 | 2050 | No | 3 | 2 | 180600 |
| 49 | 2 | 2 | 1980 | No | 2 | 2 | 231800 |
| 50 | 1 | 3 | 1700 | Yes | 3 | 2 | 215000 |
| 51 | 2 | 3 | 2100 | Yes | 3 | 2 | 302200 |
| 52 | 1 | 3 | 1860 | No | 2 | 2 | 182200 |
| 53 | 1 | 4 | 2150 | No | 2 | 3 | 234800 |
| 54 | 1 | 3 | 2100 | No | 3 | 2 | 261600 |
| 55 | 1 | 3 | 1650 | No | 3 | 2 | 162600 |
| 56 | 2 | 2 | 1720 | Yes | 2 | 2 | 251400 |
| 57 | 2 | 3 | 2190 | Yes | 3 | 2 | 281800 |
| 58 | 3 | 3 | 2240 | No | 4 | 3 | 304600 |
| 59 | 3 | 1 | 1840 | No | 3 | 3 | 276200 |
| 60 | 3 | 1 | 2090 | No | 4 | 2 | 310800 |
| 61 | 3 | 1 | 2200 | No | 3 | 3 | 361800 |
| 62 | 1 | 2 | 1610 | No | 2 | 2 | 201800 |
| 63 | 3 | 2 | 2220 | No | 4 | 3 | 322600 |
| 64 | 2 | 2 | 1910 | No | 2 | 3 | 241000 |
| 65 | 3 | 2 | 1860 | No | 3 | 2 | 260600 |
| 66 | 1 | 1 | 1450 | Yes | 2 | 2 | 222200 |
| 67 | 1 | 4 | 2210 | No | 3 | 3 | 252400 |
| 68 | 2 | 3 | 2040 | No | 4 | 3 | 303800 |
| 69 | 1 | 4 | 2140 | No | 3 | 2 | 187200 |
| 70 | 3 | 3 | 2080 | No | 4 | 3 | 331200 |
| 71 | 3 | 3 | 1950 | Yes | 3 | 3 | 333400 |
| 72 | 3 | 1 | 2160 | No | 4 | 2 | 315200 |
| 73 | 1 | 3 | 1650 | No | 3 | 2 | 214600 |
| 74 | 2 | 2 | 2040 | No | 3 | 3 | 251400 |
| 75 | 3 | 3 | 2140 | No | 3 | 3 | 288400 |
| 76 | 1 | 2 | 1900 | No | 2 | 2 | 213800 |
| 77 | 3 | 2 | 1930 | No | 3 | 2 | 259600 |
| 78 | 3 | 3 | 2280 | Yes | 4 | 3 | 353000 |
| 79 | 1 | 3 | 2130 | No | 3 | 2 | 242600 |
| 80 | 3 | 1 | 1780 | No | 4 | 2 | 287200 |
| 81 | 2 | 4 | 2190 | Yes | 3 | 3 | 286800 |
| 82 | 3 | 2 | 2140 | Yes | 4 | 3 | 368600 |
| 83 | 3 | 1 | 2050 | Yes | 2 | 2 | 329600 |
| 84 | 2 | 2 | 2410 | No | 3 | 3 | 295400 |
| 85 | 1 | 3 | 1520 | No | 2 | 2 | 181000 |
| 86 | 3 | 2 | 2250 | Yes | 4 | 3 | 376600 |
| 87 | 1 | 4 | 1900 | No | 4 | 2 | 205400 |
| 88 | 3 | 1 | 1880 | Yes | 3 | 3 | 345000 |
| 89 | 1 | 2 | 1930 | No | 3 | 3 | 255400 |
| 90 | 1 | 4 | 2010 | No | 2 | 2 | 195600 |
| 91 | 3 | 2 | 1920 | No | 4 | 2 | 286200 |
| 92 | 2 | 2 | 2150 | No | 3 | 2 | 233000 |
| 93 | 3 | 2 | 2110 | No | 3 | 2 | 285200 |
| 94 | 2 | 2 | 2080 | No | 3 | 3 | 314200 |
| 95 | 3 | 3 | 2150 | Yes | 4 | 3 | 321200 |
| 96 | 3 | 1 | 1970 | Yes | 2 | 2 | 305000 |
| 97 | 2 | 3 | 2440 | No | 3 | 3 | 266600 |
| 98 | 2 | 1 | 2000 | Yes | 2 | 2 | 253600 |
| 99 | 3 | 1 | 2060 | No | 3 | 2 | 291000 |
| 100 | 3 | 2 | 2080 | Yes | 3 | 3 | 342000 |
| 101 | 1 | 5 | 2010 | No | 3 | 2 | 206400 |
| 102 | 2 | 5 | 2260 | No | 3 | 3 | 246200 |
| 103 | 2 | 4 | 2410 | No | 3 | 3 | 273600 |
| 104 | 3 | 3 | 2440 | Yes | 4 | 3 | 422400 |
| 105 | 2 | 4 | 1910 | No | 3 | 2 | 164600 |
| 106 | 3 | 4 | 2530 | No | 4 | 3 | 293800 |
| 107 | 1 | 4 | 2130 | No | 3 | 2 | 217000 |
| 108 | 2 | 1 | 1890 | Yes | 3 | 2 | 268000 |
| 109 | 2 | 3 | 1990 | Yes | 3 | 3 | 234000 |
| 110 | 2 | 3 | 2110 | No | 3 | 2 | 217400 |
| 111 | 1 | 1 | 1710 | No | 2 | 2 | 223200 |
| 112 | 1 | 2 | 1740 | No | 2 | 2 | 229800 |
| 113 | 2 | 2 | 1940 | Yes | 2 | 2 | 247200 |
| 114 | 1 | 3 | 2000 | Yes | 3 | 2 | 231400 |
| 115 | 2 | 2 | 2010 | No | 4 | 3 | 249000 |
| 116 | 1 | 3 | 1900 | No | 3 | 3 | 205000 |
| 117 | 3 | 1 | 2290 | Yes | 5 | 4 | 399000 |
| 118 | 1 | 2 | 1920 | No | 3 | 2 | 235600 |
| 119 | 1 | 3 | 1950 | Yes | 3 | 2 | 300400 |
| 120 | 1 | 4 | 1920 | No | 2 | 2 | 219400 |
| 121 | 1 | 3 | 1930 | No | 2 | 3 | 220800 |
| 122 | 2 | 3 | 1930 | No | 3 | 3 | 211200 |
| 123 | 2 | 1 | 2060 | Yes | 2 | 2 | 289600 |
| 124 | 2 | 3 | 1900 | Yes | 3 | 3 | 239400 |
| 125 | 2 | 3 | 2160 | Yes | 4 | 3 | 295800 |
| 126 | 1 | 2 | 2070 | No | 2 | 2 | 227000 |
| 127 | 3 | 1 | 2020 | No | 3 | 3 | 299800 |
| 128 | 1 | 4 | 2250 | No | 3 | 3 | 249200 |
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