jpfranz-Skillcheck7

jpfranz-Skillcheck7 - A real estate agent has gathered data...

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1. They both contain the same statistics however, the histogram contains a visual image to better illus 2. Yes, in the scatterplot of Price vs. Value, the points very closely resemble an upsloping line. There below the line, but otherwise, the rest are right around a line. 3.Square footage is stronger because the correlation is .763 whereas for number of bedrooms the cor A real estate agent has gathered data on 150 houses that were recently s suburban community. This data set includes observations for each of the variables: the appraised value of each house (in thousands of dollars), the price of each house (in thousands of dollars), the size of each house (in h square feet), and the number of bedrooms in each house. The data are on worksheet. Write your answers below in the text box provided. 1. Using StatTools, create frequency tables, histograms (on a worksheet c "CompareHistogram"), and descriptive statistics (on a worksheet called CompareDesStats) for the appraised values and selling prices of the 150 in the given sample. In what ways are these two distributions similar? In w they different? Remember, since you are comparing histograms the scale the same. 2. Is there evidence of a linear relationship between the selling price and value? If so, characterize the relationship by indicating whether the relati positive or negative and whether it is weak or strong. Talk about any outli 3. For which of the two remaining variables, the size of the home or the n bedrooms in the home, is the relationship with the home's selling price st your choice.
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e is one point that is way rrelation is .606. sold in a following e selling price hundreds of n the Houses called houses included what ways are es need to be the appraised ionship is liers. number of the
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This note was uploaded on 04/30/2008 for the course BUS-X 201 taught by Professor Goodrich during the Spring '08 term at Indiana.

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jpfranz-Skillcheck7 - A real estate agent has gathered data...

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