Question
Phyllis is a realtor who is interested in the relationship between the listing price of a house and the number of rooms in a house.
Phyllis is a realtor who is interested in the relationship between the listing price of a house and the number of rooms in a house.
In April 2022, she randomly selects 34 houses currently for sale in Bedford, NS. For each house, she collects information on the listing price (in dollars), the number of rooms, the age of the house (in years) and the size (in square feet). All the needed assumptions and conditions are satisfied.
We wish to test if the price is related to one, or a combination of, number of rooms, the age of the house and the size. The p-value of the appropriate test is 0.0384.
Give your conclusion in the context of the problem.
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