Module 3 Chp 11 probelm 10 part a

Module 3 Chp 11 probelm 10 part a - 10 Do the sales prices...

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vary systematical y with their sizes (as measured square feet)? Attempt to answer this question by estimating a simple regression model where the sales price of the house is the dependent variable and the size of the house is the explanatory variable. Use the data given below Data on Potentially Related Variables for Randomly Selected Homes Price Home_Size Lot_Size Number_Rooms Number_Baths \$72,000 600 0.50 3 1.0 \$116,300 1050 0.43 5 1.5 \$152,000 1800 0.68 7 1.5 \$80,500 922 0.30 5 1.0 \$141,900 1950 0.75 8 2.5 \$124,000 1783 0.22 8 1.5 \$117,000 1008 0.50 6 1.0 \$165,900 1840 1.16 8 2.0 \$153,500 3700 1.10 10 3.0 \$126,500 1092 0.26 6 1.0 \$122,000 1950 0.50 7 1.5 \$140,000 1403 0.50 6 2.0 \$223,000 1680 14.37 8 2.0 \$99,500 1000 0.49 4 1.0 \$211,900 2310 0.46 8 2.5 \$121,900 1300 0.78 6 1.0 \$169,000 1930 3.00 9 3.0 \$156,000 3000 0.50 11 2.5 \$123,500 1362 0.40 7 2.0 \$136,000 1750 0.50 7 2.0 \$194,900 2080 1.00 8 2.5 \$128,500 1344 0.94 6 2.0 \$302,000 2130 11.91 8 1.5 \$142,000 1500 0.41 7 1.0 \$146,000 2400 0.40 7 2.5 \$180,000 2272 0.41 9 2.5
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This note was uploaded on 02/01/2012 for the course BUSINES BUS-660 taught by Professor Paulshriver during the Spring '11 term at Grand Canyon.

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