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A real estate agent wishes to determine the selling price of residences using size (Square Feet) and whether the residence is a condominium or a
A real estate agent wishes to determine the selling price of residences using size (Square Feet) and whether the residence is a condominium or a single-family home. A sample of 20 residences was obtained with the following results:
Fit MLR to predict the selling price of residences Using square feet and Type of home. (Use dummy variable)
Is the relationship between selling price and square feet is different between condominium and single family home?
Auction | Auction Price | Age of Item | Number Bidders |
1 | $946 | 113 | 9 |
2 | $1,336 | 126 | 10 |
3 | $744 | 115 | 7 |
4 | $1,979 | 182 | 11 |
5 | $1,522 | 150 | 9 |
6 | $1,235 | 127 | 13 |
7 | $1,483 | 159 | 9 |
8 | $1,152 | 117 | 13 |
9 | $1,545 | 175 | 8 |
10 | $1,262 | 168 | 7 |
11 | $845 | 127 | 7 |
12 | $1,055 | 108 | 14 |
13 | $1,253 | 132 | 10 |
14 | $1,297 | 137 | 9 |
15 | $1,147 | 137 | 8 |
16 | $1,080 | 115 | 12 |
17 | $1,550 | 182 | 8 |
18 | $1,047 | 156 | 6 |
19 | $1,792 | 179 | 9 |
20 | $729 | 108 | 6 |
21 | $854 | 143 | 6 |
22 | $1,593 | 187 | 8 |
23 | $1,175 | 111 | 15 |
24 | $1,713 | 137 | 15 |
25 | $1,356 | 194 | 5 |
26 | $1,822 | 156 | 12 |
27 | $1,884 | 162 | 11 |
28 | $1,024 | 117 | 11 |
29 | $2,131 | 170 | 14 |
30 | $785 | 111 | 7 |
31 | $1,092 | 153 | 6 |
32 | $2,041 | 184 | 10 |
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