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This data is based on a random sample of housing sales in Newark DE from 2005 to 2008 The total sample size is 131 houses The dependent variable is PRICE in

  This data is based on a random sample of housing sales in Newark, DE from 2005 to 2008. The total sample size is 131 houses. The dependent variable is PRICE in $1,000s (the actual sale price is divided by 1,000). We will look at four independent variables.

·         AREA                  The total square footage of the house

·         LOTSIZE            The size of the lot in acres

·         BEDROOMS   The number of bedrooms in the house

·         BATHDUM       A dummy variable for the number of full bathrooms where 1 = 2 or more bathrooms, 0 = 1 bathroom

Summary of FitRSquare1RSquare Adj0.6934Root Mean Square Error34.9853Mean of Response237.2661Observations (or SumWgts)131Analysis of VarianceSourceDFSum of Squares Mean SquareF RatioModel2364730.6534Error561223.97Prob > F<.0001C. Total130518950.89Parameter EstimatesTermEstimateStd Errort RatioProb>|t|Intercept56.766919.05572.9790.0035AREA0.04960.00935.3322

Apr 11 2020 View more View Less

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