Housedata Quiz week 6 (good)

# Housedata Quiz week 6 (good) - Square Footage 2000 2200...

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Square Footage Value 2000 238139.4 2200 259712 2400 300953.7 3000 369965.7 3200 340091.3 3600 405425 2900 345131

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Square Footage Value 2000 238139.36952 2500 21572.58 2200 259711.95079 2700 41241.72 2400 300953.66804 2900 69012.06 3000 369965.73127 3500 -29874.44 3200 340091.29549 3700 65333.73 3600 405425.02097 4100 -60294 2900 345131.03313 3400 -345131 Problem #5: Calculating the future value of a home when adding a 500 foot extension. I used the given data to determine the answers for this question.
New Value: Square Footage 2500 2700 2900 3500 3700 4100 3400 Problem #6: To answer the question of what percentage of variation in home value is explained by the variation in house size, the answer would be a very low percentage. This is determined by simply adding 500 square feet to each size home given, using the formula of the data given to determine the value increasing point, and finishing the calulation. As you can see in my calculations, differing from the data on the very left to the data on the right, by adding 500 square feet to certain size homes, actully decreased the price when comparing to the house 500 square feet smaller. The number shown on the right side of the data is not the exact value of the

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• Winter '14
• GisellaBassani
• real estate market, 3rd millennium, Centuries in the future, Square foot, square footage

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