Question
A real estate agency collects some basic data on recent home sales, which can be found in the HomePrices file. The variables are: Size -
A real estate agency collects some basic data on recent home sales, which can be found in the "HomePrices" file. The variables are:
Size - the size of the house, in square feet Age - the age of the house, in years Foreclosure - an indicator variable equal to 1 if the house is a foreclosure, and 0 otherwise Crime - the violent crime rate of the area, in # per year per 100,000 residents Price - the sale price of the house
Build a regression model with Price as the dependent variable, using all four of the independent variables provided.
Using this model, predict the price of a house with the following characteristics: -2000 square feet -50 years old -Not a foreclosure -400 violent crime rate
Size | Age | Foreclosure | Crime | Price |
1784 | 8 | 0 | 411 | 395000 |
4500 | 50 | 0 | 411 | 1221000 |
1334 | 84 | 0 | 635 | 238000 |
3205 | 12 | 1 | 488 | 1013000 |
3165 | 86 | 0 | 411 | 818000 |
1269 | 29 | 0 | 411 | 365000 |
3014 | 47 | 0 | 306 | 758000 |
3677 | 43 | 0 | 488 | 1009000 |
1066 | 21 | 0 | 411 | 257000 |
1042 | 47 | 0 | 488 | 187000 |
1070 | 55 | 1 | 635 | 217000 |
1470 | 44 | 0 | 306 | 363000 |
3528 | 95 | 0 | 488 | 1028000 |
1536 | 65 | 0 | 306 | 352000 |
4547 | 98 | 0 | 306 | 1343000 |
1262 | 100 | 0 | 306 | 347000 |
1574 | 72 | 1 | 306 | 388000 |
1168 | 26 | 0 | 1126 | 167000 |
2615 | 12 | 0 | 817 | 677000 |
1290 | 93 | 1 | 306 | 287000 |
1782 | 45 | 0 | 306 | 496000 |
2731 | 7 | 0 | 306 | 831000 |
2190 | 95 | 0 | 411 | 634000 |
1873 | 91 | 0 | 955 | 321000 |
1188 | 81 | 0 | 1126 | 158000 |
2819 | 63 | 1 | 306 | 756000 |
1000 | 18 | 0 | 488 | 224000 |
2076 | 77 | 1 | 306 | 675000 |
2748 | 60 | 0 | 306 | 732000 |
2795 | 88 | 0 | 1126 | 460000 |
1182 | 13 | 0 | 306 | 246000 |
2488 | 24 | 1 | 306 | 789000 |
1006 | 67 | 0 | 306 | 211000 |
1136 | 69 | 0 | 306 | 277000 |
1601 | 62 | 0 | 955 | 278000 |
1061 | 6 | 0 | 488 | 201000 |
4329 | 95 | 0 | 411 | 1184000 |
4304 | 30 | 0 | 306 | 1353000 |
2054 | 9 | 0 | 817 | 431000 |
1973 | 59 | 0 | 817 | 459000 |
3916 | 66 | 0 | 817 | 1031000 |
2179 | 72 | 0 | 306 | 635000 |
2294 | 73 | 0 | 306 | 657000 |
4324 | 29 | 1 | 411 | 1313000 |
2518 | 88 | 0 | 411 | 635000 |
3040 | 67 | 0 | 306 | 1009000 |
1227 | 85 | 0 | 817 | 119000 |
1150 | 41 | 0 | 306 | 292000 |
1061 | 65 | 1 | 1126 | 142000 |
1593 | 66 | 0 | 1126 | 162000 |
1034 | 38 | 0 | 635 | 231000 |
1515 | 8 | 0 | 635 | 336000 |
1000 | 11 | 0 | 488 | 204000 |
1573 | 49 | 0 | 1126 | 152000 |
2412 | 22 | 0 | 306 | 686000 |
2331 | 52 | 0 | 635 | 633000 |
4144 | 6 | 1 | 411 | 1336000 |
2201 | 37 | 1 | 1126 | 482000 |
3335 | 56 | 0 | 306 | 967000 |
3554 | 70 | 0 | 411 | 1161000 |
2969 | 76 | 0 | 955 | 824000 |
1044 | 56 | 1 | 306 | 300000 |
2030 | 50 | 1 | 817 | 443000 |
4074 | 47 | 1 | 411 | 1256000 |
1135 | 47 | 0 | 817 | 207000 |
4434 | 60 | 0 | 411 | 1239000 |
3857 | 43 | 0 | 411 | 1124000 |
1176 | 74 | 0 | 635 | 278000 |
1015 | 35 | 0 | 1126 | 143000 |
1685 | 59 | 0 | 411 | 504000 |
1010 | 27 | 0 | 411 | 267000 |
3252 | 64 | 1 | 306 | 1042000 |
2355 | 2 | 0 | 635 | 470000 |
1619 | 55 | 0 | 306 | 464000 |
2503 | 33 | 0 | 411 | 714000 |
1919 | 88 | 0 | 488 | 391000 |
3150 | 1 | 0 | 306 | 942000 |
1206 | 69 | 0 | 817 | 157000 |
2825 | 85 | 0 | 635 | 644000 |
1677 | 76 | 0 | 306 | 461000 |
1187 | 20 | 0 | 411 | 241000 |
1059 | 99 | 0 | 306 | 209000 |
4443 | 40 | 1 | 488 | 1461000 |
1763 | 42 | 0 | 488 | 371000 |
2671 | 50 | 0 | 955 | 648000 |
3804 | 82 | 1 | 817 | 974000 |
1087 | 8 | 0 | 306 | 243000 |
3391 | 1 | 0 | 411 | 1094000 |
1359 | 77 | 0 | 817 | 280000 |
3612 | 21 | 0 | 817 | 879000 |
3909 | 46 | 0 | 817 | 957000 |
2888 | 51 | 0 | 306 | 695000 |
2748 | 30 | 0 | 306 | 913000 |
3331 | 33 | 0 | 1126 | 905000 |
2409 | 18 | 0 | 306 | 789000 |
1413 | 3 | 0 | 306 | 336000 |
1148 | 91 | 0 | 955 | 137000 |
1000 | 20 | 1 | 817 | 153000 |
2460 | 93 | 0 | 306 | 653000 |
4312 | 15 | 0 | 635 | 1359000 |
1000 | 78 | 1 | 1126 | 143000 |
1151 | 2 | 0 | 817 | 147000 |
3090 | 58 | 0 | 306 | 899000 |
3457 | 48 | 0 | 488 | 896000 |
1037 | 3 | 0 | 306 | 255000 |
1671 | 43 | 0 | 955 | 331000 |
1727 | 36 | 0 | 306 | 547000 |
2048 | 51 | 0 | 955 | 513000 |
1508 | 58 | 1 | 817 | 256000 |
1004 | 61 | 0 | 488 | 256000 |
1331 | 22 | 1 | 411 | 399000 |
2273 | 13 | 1 | 1126 | 400000 |
4566 | 50 | 1 | 817 | 1350000 |
3856 | 60 | 0 | 306 | 1194000 |
1074 | 28 | 0 | 488 | 231000 |
1076 | 46 | 0 | 488 | 160000 |
1346 | 24 | 0 | 1126 | 150000 |
1517 | 63 | 1 | 306 | 370000 |
2389 | 84 | 0 | 955 | 497000 |
4379 | 6 | 1 | 306 | 1273000 |
1192 | 62 | 0 | 488 | 304000 |
2230 | 67 | 0 | 635 | 459000 |
1167 | 38 | 0 | 635 | 243000 |
1907 | 6 | 0 | 817 | 332000 |
1012 | 25 | 0 | 411 | 275000 |
1428 | 38 | 0 | 488 | 401000 |
1200 | 90 | 0 | 817 | 189000 |
1010 | 47 | 1 | 411 | 207000 |
4005 | 19 | 0 | 306 | 1376000 |
1328 | 88 | 1 | 1126 | 179000 |
1559 | 15 | 0 | 817 | 336000 |
2019 | 6 | 0 | 411 | 514000 |
1005 | 43 | 0 | 488 | 209000 |
1427 | 5 | 0 | 306 | 383000 |
3362 | 59 | 0 | 488 | 867000 |
1209 | 3 | 0 | 306 | 280000 |
2006 | 23 | 0 | 411 | 508000 |
1012 | 27 | 0 | 411 | 184000 |
4332 | 94 | 1 | 411 | 1244000 |
1401 | 25 | 0 | 306 | 323000 |
1035 | 50 | 0 | 411 | 158000 |
1995 | 85 | 0 | 306 | 479000 |
1791 | 5 | 0 | 955 | 193000 |
1101 | 37 | 1 | 411 | 311000 |
3438 | 88 | 0 | 955 | 792000 |
3715 | 40 | 0 | 955 | 903000 |
4353 | 62 | 0 | 411 | 1420000 |
3147 | 59 | 1 | 488 | 750000 |
2775 | 42 | 0 | 488 | 653000 |
3660 | 33 | 0 | 306 | 944000 |
1122 | 76 | 1 | 1126 | 144000 |
2058 | 2 | 0 | 635 | 379000 |
2499 | 92 | 0 | 306 | 605000 |
2428 | 24 | 0 | 306 | 775000 |
1201 | 72 | 0 | 411 | 294000 |
3505 | 77 | 0 | 306 | 938000 |
2571 | 8 | 0 | 306 | 801000 |
1097 | 96 | 0 | 411 | 256000 |
1813 | 3 | 1 | 411 | 462000 |
1631 | 7 | 0 | 411 | 494000 |
2347 | 55 | 0 | 306 | 641000 |
1324 | 29 | 0 | 1126 | 146000 |
3132 | 18 | 0 | 306 | 1039000 |
3696 | 54 | 1 | 306 | 1265000 |
1227 | 66 | 0 | 817 | 133000 |
3216 | 46 | 1 | 635 | 780000 |
1597 | 24 | 0 | 411 | 356000 |
3968 | 49 | 0 | 411 | 1143000 |
4559 | 87 | 1 | 306 | 1439000 |
2124 | 3 | 1 | 411 | 530000 |
2244 | 17 | 0 | 635 | 440000 |
3240 | 62 | 0 | 955 | 768000 |
2872 | 89 | 0 | 306 | 877000 |
1418 | 90 | 0 | 411 | 400000 |
3262 | 28 | 0 | 411 | 986000 |
1039 | 67 | 0 | 817 | 165000 |
2870 | 22 | 0 | 306 | 812000 |
4486 | 34 | 0 | 817 | 1199000 |
2394 | 59 | 0 | 306 | 791000 |
3316 | 78 | 0 | 488 | 960000 |
1062 | 6 | 0 | 306 | 235000 |
2175 | 93 | 0 | 306 | 705000 |
1492 | 73 | 0 | 955 | 249000 |
1814 | 8 | 0 | 635 | 478000 |
2250 | 6 | 0 | 306 | 640000 |
2448 | 15 | 1 | 488 | 743000 |
4015 | 11 | 0 | 488 | 1233000 |
4039 | 77 | 0 | 635 | 1104000 |
1123 | 92 | 0 | 306 | 264000 |
1001 | 58 | 0 | 817 | 124000 |
1597 | 92 | 0 | 411 | 408000 |
3433 | 36 | 0 | 306 | 1163000 |
3886 | 49 | 0 | 306 | 1354000 |
4488 | 91 | 0 | 955 | 1320000 |
4538 | 18 | 0 | 955 | 1212000 |
1014 | 77 | 0 | 488 | 198000 |
2198 | 7 | 0 | 306 | 649000 |
1076 | 56 | 0 | 488 | 211000 |
1202 | 59 | 0 | 306 | 284000 |
1646 | 90 | 1 | 306 | 524000 |
3178 | 81 | 0 | 306 | 898000 |
2353 | 5 | 1 | 306 | 647000 |
1215 | 100 | 0 | 306 | 281000 |
3989 | 30 | 0 | 306 | 1318000 |
1336 | 92 | 1 | 306 | 390000 |
1005 | 71 | 0 | 1126 | 119000 |
2142 | 95 | 0 | 955 | 524000 |
1001 | 41 | 0 | 306 | 283000 |
1103 | 18 | 0 | 306 | 293000 |
1847 | 62 | 1 | 411 | 560000 |
4224 | 25 | 0 | 411 | 1059000 |
1209 | 17 | 0 | 306 | 358000 |
2825 | 42 | 0 | 306 | 708000 |
2174 | 72 | 0 | 1126 | 376000 |
2558 | 51 | 0 | 817 | 514000 |
1219 | 99 | 1 | 411 | 263000 |
3374 | 45 | 1 | 306 | 963000 |
1351 | 90 | 0 | 488 | 363000 |
2675 | 16 | 1 | 635 | 587000 |
1698 | 61 | 0 | 306 | 384000 |
2185 | 5 | 0 | 306 | 735000 |
1057 | 25 | 0 | 955 | 122000 |
1123 | 44 | 0 | 817 | 144000 |
4197 | 9 | 1 | 306 | 1216000 |
1008 | 50 | 0 | 488 | 213000 |
1130 | 41 | 0 | 411 | 265000 |
2185 | 31 | 0 | 411 | 638000 |
1157 | 76 | 0 | 306 | 318000 |
1373 | 69 | 0 | 635 | 210000 |
4237 | 3 | 0 | 306 | 1427000 |
1020 | 95 | 0 | 411 | 199000 |
1480 | 78 | 1 | 306 | 385000 |
1313 | 52 | 0 | 306 | 294000 |
1793 | 58 | 0 | 411 | 500000 |
1024 | 41 | 1 | 306 | 250000 |
1377 | 69 | 0 | 955 | 130000 |
1650 | 70 | 0 | 817 | 237000 |
2507 | 84 | 0 | 1126 | 435000 |
1818 | 41 | 0 | 306 | 568000 |
3522 | 41 | 0 | 306 | 1149000 |
4101 | 89 | 0 | 306 | 1235000 |
1099 | 99 | 0 | 635 | 168000 |
1009 | 58 | 0 | 411 | 155000 |
1254 | 35 | 0 | 955 | 137000 |
3304 | 61 | 0 | 306 | 901000 |
1120 | 89 | 0 | 306 | 262000 |
2616 | 39 | 1 | 635 | 764000 |
1004 | 48 | 0 | 488 | 176000 |
1138 | 6 | 0 | 411 | 213000 |
1895 | 85 | 0 | 306 | 521000 |
1036 | 57 | 0 | 306 | 269000 |
1206 | 9 | 0 | 411 | 235000 |
1671 | 29 | 0 | 488 | 414000 |
1760 | 3 | 0 | 306 | 455000 |
1051 | 37 | 0 | 411 | 230000 |
1534 | 5 | 0 | 306 | 433000 |
2611 | 57 | 0 | 306 | 841000 |
1162 | 11 | 1 | 635 | 297000 |
1002 | 88 | 0 | 306 | 229000 |
1633 | 96 | 0 | 1126 | 255000 |
1076 | 14 | 0 | 306 | 274000 |
3310 | 7 | 1 | 1126 | 679000 |
3895 | 36 | 0 | 306 | 1336000 |
3159 | 22 | 0 | 306 | 1045000 |
1501 | 78 | 0 | 411 | 421000 |
3515 | 31 | 0 | 1126 | 591000 |
1614 | 73 | 0 | 306 | 384000 |
4152 | 56 | 0 | 635 | 1280000 |
3261 | 28 | 1 | 955 | 949000 |
1956 | 91 | 0 | 1126 | 234000 |
1042 | 13 | 0 | 817 | 160000 |
1254 | 37 | 1 | 955 | 122000 |
1057 | 13 | 0 | 635 | 238000 |
4512 | 58 | 0 | 635 | 1343000 |
1353 | 98 | 0 | 1126 | 133000 |
1108 | 53 | 0 | 306 | 256000 |
2347 | 26 | 1 | 955 | 534000 |
1991 | 51 | 0 | 306 | 637000 |
2370 | 42 | 0 | 1126 | 487000 |
3158 | 97 | 1 | 306 | 789000 |
3464 | 63 | 0 | 411 | 989000 |
3600 | 41 | 0 | 306 | 1189000 |
3723 | 55 | 0 | 306 | 1261000 |
2501 | 70 | 0 | 635 | 515000 |
2684 | 89 | 0 | 955 | 629000 |
2828 | 97 | 1 | 306 | 905000 |
2127 | 100 | 0 | 488 | 568000 |
3081 | 41 | 0 | 955 | 729000 |
1484 | 96 | 0 | 488 | 310000 |
1150 | 87 | 0 | 306 | 320000 |
3633 | 25 | 0 | 1126 | 629000 |
1002 | 83 | 0 | 306 | 220000 |
1975 | 28 | 1 | 817 | 498000 |
3442 | 9 | 1 | 635 | 748000 |
1447 | 22 | 1 | 306 | 340000 |
4425 | 38 | 0 | 635 | 1299000 |
2224 | 97 | 1 | 411 | 621000 |
1194 | 17 | 1 | 411 | 210000 |
1048 | 65 | 0 | 306 | 240000 |
1015 | 45 | 0 | 488 | 149000 |
1401 | 48 | 0 | 411 | 389000 |
2328 | 27 | 0 | 306 | 594000 |
1266 | 47 | 0 | 635 | 220000 |
1032 | 47 | 0 | 306 | 267000 |
1596 | 70 | 0 | 306 | 467000 |
2650 | 44 | 0 | 306 | 873000 |
2833 | 15 | 0 | 411 | 714000 |
1128 | 77 | 0 | 411 | 234000 |
4440 | 18 | 0 | 635 | 1138000 |
1188 | 93 | 0 | 306 | 321000 |
1406 | 9 | 0 | 306 | 414000 |
2363 | 61 | 1 | 488 | 643000 |
1159 | 29 | 0 | 411 | 312000 |
1004 | 95 | 0 | 635 | 143000 |
1217 | 55 | 0 | 411 | 289000 |
1849 | 79 | 0 | 955 | 194000 |
2117 | 52 | 1 | 817 | 300000 |
1038 | 14 | 0 | 306 | 205000 |
1226 | 85 | 0 | 488 | 216000 |
1007 | 13 | 0 | 817 | 138000 |
1545 | 8 | 0 | 1126 | 126000 |
1957 | 14 | 1 | 817 | 466000 |
1477 | 1 | 0 | 411 | 289000 |
2080 | 61 | 0 | 635 | 540000 |
1055 | 23 | 1 | 411 | 295000 |
1598 | 57 | 0 | 306 | 434000 |
3391 | 24 | 0 | 955 | 855000 |
3001 | 29 | 0 | 1126 | 632000 |
1159 | 89 | 0 | 411 | 317000 |
1580 | 36 | 0 | 488 | 361000 |
1079 | 10 | 1 | 635 | 247000 |
3006 | 54 | 1 | 306 | 907000 |
1728 | 42 | 0 | 1126 | 117000 |
1102 | 43 | 0 | 306 | 229000 |
1032 | 51 | 1 | 306 | 220000 |
3231 | 17 | 0 | 306 | 1091000 |
3434 | 25 | 0 | 635 | 1117000 |
1677 | 40 | 0 | 306 | 528000 |
1362 | 11 | 0 | 635 | 316000 |
1180 | 45 | 0 | 306 | 306000 |
1332 | 1 | 0 | 635 | 176000 |
1040 | 86 | 0 | 488 | 204000 |
2713 | 95 | 0 | 306 | 841000 |
2141 | 26 | 0 | 488 | 472000 |
1571 | 49 | 0 | 411 | 404000 |
1023 | 75 | 0 | 306 | 286000 |
3880 | 1 | 0 | 306 | 1100000 |
3257 | 61 | 0 | 411 | 946000 |
4055 | 47 | 0 | 635 | 1088000 |
1015 | 63 | 0 | 306 | 226000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started