Question
Median Listing Price Median Square Feet Mean- 220,024 Mean- 1,626 Median- 220,800 Median- 1,643 StandardDev- 39217.03 StandardDev- 242.2971 listing price $'s per square foot square
Median Listing Price Median Square Feet Mean- 220,024 Mean- 1,626 Median- 220,800 Median- 1,643 StandardDev- 39217.03 StandardDev- 242.2971
listing price | $'s per square foot | square feet |
219,500 | $116 | 1,898 |
254,500 | $156 | 1,632 |
235,000 | $148 | 1,588 |
203,800 | $141 | 1,441 |
220,800 | $117 | 1,893 |
197,600 | $111 | 1,783 |
165,800 | $122 | 1,362 |
246,500 | $136 | 1,814 |
154,300 | $105 | 1,463 |
149,700 | $116 | 1,296 |
145,100 | $117 | 1,239 |
283,700 | $136 | 2,087 |
243,000 | $133 | 1,827 |
229,100 | $187 | 1,224 |
205,100 | $118 | 1,740 |
235,600 | $140 | 1,682 |
212,900 | $128 | 1,659 |
221,600 | $134 | 1,651 |
257,700 | $123 | 2,087 |
211,900 | $168 | 1,263 |
160,800 | $114 | 1,416 |
204,200 | $131 | 1,562 |
172,500 | $101 | 1,710 |
253,900 | $146 | 1,738 |
166,300 | $127 | 1,305 |
210,036 | $137 | 1,752 |
241,400 | $164 | 1,469 |
304,300 | $152 | 1,996 |
248,900 | $132 | 1,880 |
187,900 | $131 | 1,434 |
311,100 | $154 | 2,015 |
254,500 | $156 | 1,628 |
213,800 | $172 | 1,243 |
214,100 | $134 | 1,596 |
207,500 | $123 | 1,688 |
171,600 | $141 | 1,218 |
236,700 | $140 | 1,692 |
266,100 | $166 | 1,599 |
171,800 | $118 | 1,452 |
225,300 | $151 | 1,493 |
227,600 | $147 | 1,550 |
228,300 | $115 | 1,978 |
177,000 | $107 | 1,658 |
248,300 | $156 | 1,587 |
199,700 | $147 | 1,359 |
278,700 | $165 | 1,693 |
185,800 | $101 | 1,847 |
213,500 | $130 | 1,643 |
188,000 | $151 | 1,246 |
270,700 | $149 | 1,815 |
257,200 | $127 | 2,018 |
192,400 | $129 | 1,494 |
- Scatterplot: Provide a graph of the scatterplot of the data with a line of best fit.
- Explain if a regression model is appropriate to develop based on your scatterplot.
- Discuss associations: Based on the scatterplot, discuss the association (direction, strength, form) in the context of your model.
- Identify any possible outliers or influential points and discuss their effect on the correlation.
- Discuss keeping or removing outlier data points and what impact your decision would have on your model.
- Find r: Find the correlation coefficient (r).
- Explain how the r value you calculated supports what you noticed in your scatterplot.
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