# 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?

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##### 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.

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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 ...

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