Purchase Solution

# Regression Analysis for price of homes

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House # Price Total Square Feet
1 \$202,500 610
2 \$199,500 600
3 \$200,750 620
4 \$185,999 590
5 \$250,000 675
6 \$245,500 650
7 \$289,990 718
8 \$212,500 625
9 \$300,000 800
10 \$299,000 790
11 \$315,000 830
12 \$310,900 820
13 \$255,000 650
14 \$275,000 700
15 \$269,990 695

Refer to your Excel regression report. Look for the ANOVA report. Identify this F ratio. What does the F ratio tell you about the fit of the regression equation to the sample points? What does it suggest?

##### Solution Summary

The solution provides step-by-step method for the calculation of regression model for home price. Formula for the calculation and Interpretations of the results are also included.

##### Solution Preview

regression equation
House # Price Total Square Feet
1 \$202,500 610
2 \$199,500 600
3 \$200,750 620
4 \$185,999 590
5 \$250,000 675
6 \$245,500 ...

##### Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.