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4.2 Predicting Total Value of Property Both scatterplots con- cern the total assessed value of properties that include homes, and both depict the same observations.
4.2 Predicting Total Value of Property Both scatterplots con- cern the total assessed value of properties that include homes, and both depict the same observations. a. Which do you think has a stronger relationship with value of the prop- ertythe number of square feet in the home (shown in part B of the gure) or the number of replaces in the home (shown in part A of the gure)? Why? b. If you were trying to predict the value of a property (where there is a home) in this area, would you be able to make a better prediction by knowing the number of square feet or the number of replaces? Explain. (A) 500 . 400 . ... Total Value 300 (thousands of dollars) . . 200 100 0 1 2 3 4 5 6 7 Number of Fireplaces (B) 500 400 Total Value 300 (thousands of dollars) 200 100 500 1000 1500 2000 2500 3000 3500 Number of Square Feet
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