BASIC BUSINESS STATISTICS-STUD.SOLN.MAN
BASIC BUSINESS STATISTICS-STUD.SOLN.MAN
14th Edition
ISBN: 9780134685045
Author: BERENSON
Publisher: PEARSON
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Chapter 15, Problem 35PS

You are a real estate broker who wants to compare property values in Glen Cove and Roslyn (which are located approximately 8 miles apart). Use the data in GCRosyln. Make sure to included the dummy variable for location (Glen Cove or Roslyn) in the regression model.

a. Develop the most appropriate multiple regression model to predict fair market value.

b. What conclusions can you reach concerning the difference in fair market value between Glen Cove and Roslyn?

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BASIC BUSINESS STATISTICS-STUD.SOLN.MAN

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