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1. make a scatter plot between Home Taxes and Selling Price of Homes . Be sure to consider which variable is the independent (and therefore

1. make a scatter plot between Home Taxes and Selling Price of Homes. Be sure to consider which variable is the independent (and therefore x) variable and which is the y variable. (2 points)Hint: Nicer neighbourhoods have higher taxes Clearly, title your scatter plot and properly label your axis. (2 points)

2. Calculate the Correlation Coefficient between Home Taxes and Selling Price of Home and round to 4 decimals (2 points). Interpret the Correlation Coefficient. (2 points)

3. Determine the Line of Best Fit equation between the two variables above. (2 points) Interpret the slope (m) of the Line of Best Fit (2 points) Interpret the y-intercept (b) of the Best Fit Line (1 point)

4. Determine what the average home taxes if the selling price is $450,000. (2 points)

5. Determine the Coefficient of Determination. (no points) Interpret the Coefficient of Determination (2 points)

6. Determine the Standard Error of Estimate (1 points) Interpret the Standard Error of the Estimate (2 points)

List Price Selling Price Home Taxes Acres Area Age Taxes Rooms Bedrooms Baths (full)
414000 400000 4920 2.27 2704 27 4920 9 3 3
379000 370000 4113 0.75 2096 21 4113 8 4 2
389900 382500 6072 1 2737 36 6072 9 4 2
299900 300000 4024 0.43 1800 34 4024 8 4 2
319900 305000 3562 3.6 1066 69 3562 6 3 2
319900 320000 4672 1.7 1820 34 4672 7 3 2
328900 321000 3645 0.81 2700 35 3645 8 3 1
450000 445000 6256 2 2316 19 6256 9 4 2
385000 377500 5469 1.5 2448 40 5469 9 4 3
479000 460000 6740 1.09 3040 20 6740 10 4 2
275000 265000 4046 1.6 1500 39 4046 6 2 2
299000 299000 3481 0.42 1448 44 3481 7 3 1
379000 385000 4411 0.89 2400 33 4411 9 4 3
435000 430000 5714 4.79 2200 6 5714 8 4 2
219900 214900 2560 0.25 1635 49 2560 5 3 1
485000 475000 7885 11.58 2224 21 7885 7 3 2
289000 280000 3011 0.46 1738 49 3011 8 3 2
499900 457000 9809 1.84 3432 14 9809 11 4 3
224900 210000 1367 0.94 1175 64 1367 7 3 1
274900 272500 2317 1.39 1393 44 2317 6 3 1
275000 268000 3360 0.83 1196 44 3360 4 2 1
319900 300000 4294 0.57 1860 32 4294 9 3 2
479000 477000 9135 1.1 3867 19 9135 10 4 4
294900 292000 3690 0.52 1800 47 3690 8 2 1
383900 379000 6283 1 2722 29 6283 10 4 3
299900 295000 3286 0.9 2240 144 3286 6 3 1
499000 499000 3894 5.98 2174 62 3894 6 3 2
299000 292000 3476 2.93 1650 52 3476 7 3 1
299900 305000 4146 0.33 2000 36 4146 8 3 3
529700 520000 8350 1.53 3350 6 8350 11 4 2
320000 308000 4584 0.63 1776 42 4584 8 4 2
310000 316000 4380 2 1850 25 4380 7 3 2
362500 355500 4009 0.44 2600 46 4009 10 5 2
229000 225000 3047 0.62 1300 49 3047 6 3 1
290000 270000 2801 0.68 1352 24 2801 6 3 1
259900 253000 4048 0.68 1312 44 4048 6 2 1
314900 310000 2940 1.69 1664 53 2940 6 3 2
309900 300000 4281 0.83 1700 33 4281 8 4 2
295000 295000 4299 2.9 1650 34 4299 6 2 2
479000 478000 6688 2.14 2400 6 6688 8 4 2

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