• Discuss how the regional sample created is or is not reflective of the national market.
  • Compare and contrast your sample with the population using the National Summary Statistics and Graphs Real Estate Data PDF document.
• Explain how you have made sure that the sample is random.
  • Explain your methods to get a truly random sample.
• Generate Scatterplot
  • Generate a scatterplot of the x and y variables noted above and include a trend line and the regression equation
• Observe patterns
  • Answer the following questions based on the scatterplot:
    • Define x and y. Which variable is useful for making predictions?
    • Is there an association between x and y? Describe the association you see in the scatter plot.
    • What do you see as the shape (linear or nonlinear)?
    • If you had a 1,800 square foot house, based on the regression equation in the graph, what price would you choose to list at?
    • Do you see any potential outliers in the scatterplot?
      • Why do you think the outliers appeared in the scatterplot you generated?
      • What do they represent?