Question
Refer to the data below which report information on homes sold in Somewhere, USA this year. Selling Price ($) Number of bedrooms Size in sq.
Refer to the data below which report information on homes sold in Somewhere, USA this year.
Selling Price ($) | Number of bedrooms | Size in sq. ft. | Pool (1 = yes, 0 = no) | Distance to CBD in miles | Attached garage (1 = yes, 0 = no) | Number of bathrooms |
Y | BE | SF | P | D | G | BA |
263,100 | 4 | 2,300 | 1 | 17 | 1 | 2.0 |
182,400 | 4 | 2,100 | 0 | 19 | 0 | 2.0 |
242,100 | 3 | 2,300 | 0 | 12 | 0 | 2.0 |
213,600 | 2 | 2,200 | 0 | 16 | 0 | 2.5 |
139,900 | 2 | 2,100 | 0 | 28 | 0 | 1.5 |
245,400 | 2 | 2,100 | 1 | 12 | 1 | 2.0 |
327,200 | 6 | 2,500 | 0 | 15 | 1 | 2.0 |
271,800 | 2 | 2,100 | 0 | 9 | 1 | 2.5 |
221,100 | 3 | 2,300 | 1 | 18 | 0 | 1.5 |
266,600 | 4 | 2,400 | 0 | 13 | 1 | 2.0 |
292,400 | 4 | 2,100 | 0 | 14 | 1 | 2.0 |
209,000 | 2 | 1,700 | 0 | 8 | 1 | 1.5 |
270,800 | 6 | 2,500 | 0 | 7 | 1 | 2.0 |
246,100 | 4 | 2,100 | 0 | 18 | 1 | 2.0 |
194,400 | 2 | 2,300 | 0 | 11 | 0 | 2.0 |
281,300 | 3 | 2,100 | 0 | 16 | 1 | 2.0 |
172,700 | 4 | 2,200 | 1 | 16 | 0 | 2.0 |
207,500 | 5 | 2,300 | 1 | 21 | 0 | 2.5 |
198,900 | 3 | 2,200 | 1 | 10 | 1 | 2.0 |
209,300 | 6 | 1,900 | 1 | 15 | 1 | 2.0 |
252,300 | 4 | 2,600 | 0 | 8 | 1 | 2.0 |
192,900 | 4 | 1,900 | 1 | 14 | 1 | 2.5 |
209,300 | 5 | 2,100 | 0 | 20 | 0 | 1.5 |
345,300 | 8 | 2,600 | 0 | 9 | 1 | 2.0 |
326,300 | 6 | 2,100 | 0 | 11 | 1 | 3.0 |
173,100 | 2 | 2,200 | 1 | 21 | 1 | 1.5 |
187,000 | 2 | 1,900 | 0 | 26 | 0 | 2.0 |
257,200 | 2 | 2,100 | 0 | 9 | 1 | 2.0 |
233,000 | 3 | 2,200 | 0 | 14 | 1 | 1.5 |
180,400 | 2 | 2,000 | 0 | 11 | 0 | 2.0 |
234,000 | 2 | 1,700 | 0 | 19 | 1 | 2.0 |
207,100 | 2 | 2,000 | 0 | 11 | 1 | 2.0 |
247,700 | 5 | 2,400 | 0 | 16 | 1 | 2.0 |
166,200 | 3 | 2,000 | 1 | 16 | 1 | 2.0 |
177,100 | 2 | 1,900 | 0 | 10 | 1 | 2.0 |
182,700 | 4 | 2,000 | 1 | 14 | 0 | 2.5 |
216,000 | 4 | 2,300 | 0 | 19 | 0 | 2.0 |
312,100 | 6 | 2,600 | 0 | 7 | 1 | 2.5 |
199,800 | 3 | 2,100 | 0 | 19 | 1 | 2.0 |
273,200 | 5 | 2,200 | 0 | 16 | 1 | 3.0 |
206,000 | 3 | 2,100 | 1 | 9 | 0 | 1.5 |
232,200 | 3 | 1,900 | 1 | 16 | 1 | 1.5 |
198,300 | 4 | 2,100 | 1 | 19 | 1 | 1.5 |
205,100 | 3 | 2,000 | 1 | 20 | 0 | 2.0 |
175,600 | 4 | 2,300 | 1 | 24 | 1 | 2.0 |
307,800 | 3 | 2,400 | 1 | 21 | 1 | 3.0 |
269,200 | 5 | 2,200 | 0 | 8 | 1 | 3.0 |
224,800 | 3 | 2,200 | 0 | 17 | 1 | 2.5 |
171,600 | 3 | 2,000 | 1 | 16 | 0 | 2.0 |
216,800 | 3 | 2,200 | 0 | 15 | 1 | 2.0 |
192,600 | 6 | 2,200 | 1 | 14 | 0 | 2.0 |
236,400 | 5 | 2,200 | 0 | 20 | 1 | 2.0 |
172,400 | 3 | 2,200 | 0 | 23 | 0 | 2.0 |
251,400 | 3 | 1,900 | 0 | 12 | 1 | 2.0 |
246,000 | 6 | 2,300 | 0 | 7 | 1 | 3.0 |
147,400 | 6 | 1,700 | 1 | 12 | 0 | 2.0 |
176,000 | 4 | 2,200 | 0 | 15 | 1 | 2.0 |
228,400 | 3 | 2,300 | 0 | 17 | 1 | 1.5 |
166,500 | 3 | 1,600 | 1 | 19 | 0 | 2.5 |
189,400 | 4 | 2,200 | 0 | 24 | 1 | 2.0 |
312,100 | 7 | 2,400 | 0 | 13 | 1 | 3.0 |
289,800 | 6 | 2,000 | 0 | 21 | 1 | 3.0 |
269,900 | 5 | 2,200 | 1 | 11 | 1 | 2.5 |
154,300 | 2 | 2,000 | 0 | 13 | 0 | 2.0 |
222,100 | 2 | 2,100 | 0 | 9 | 1 | 2.0 |
209,700 | 5 | 2,200 | 1 | 13 | 1 | 2.0 |
190,900 | 3 | 2,200 | 1 | 18 | 1 | 2.0 |
254,300 | 4 | 2,500 | 1 | 15 | 1 | 2.0 |
207,500 | 3 | 2,100 | 1 | 10 | 0 | 2.0 |
209,700 | 4 | 2,200 | 1 | 19 | 1 | 2.0 |
294,000 | 2 | 2,100 | 0 | 13 | 1 | 2.5 |
176,300 | 2 | 2,000 | 1 | 17 | 0 | 2.0 |
294,300 | 7 | 2,400 | 0 | 8 | 1 | 2.0 |
224,000 | 3 | 1,900 | 1 | 6 | 1 | 2.0 |
125,000 | 2 | 1,900 | 0 | 18 | 0 | 1.5 |
236,800 | 4 | 2,600 | 1 | 17 | 1 | 2.0 |
164,100 | 4 | 2,300 | 0 | 19 | 0 | 2.0 |
217,800 | 3 | 2,500 | 0 | 12 | 0 | 2.0 |
192,200 | 2 | 2,400 | 0 | 16 | 0 | 2.5 |
125,900 | 2 | 2,400 | 0 | 28 | 0 | 1.5 |
220,900 | 2 | 2,300 | 1 | 12 | 1 | 2.0 |
294,500 | 6 | 2,700 | 0 | 15 | 1 | 2.0 |
244,600 | 2 | 2,300 | 0 | 9 | 1 | 2.5 |
199,000 | 3 | 2,500 | 1 | 18 | 0 | 1.5 |
240,000 | 4 | 2,600 | 0 | 13 | 1 | 2.0 |
263,200 | 4 | 2,300 | 0 | 14 | 1 | 2.0 |
188,100 | 2 | 1,900 | 0 | 8 | 1 | 1.5 |
243,700 | 6 | 2,700 | 0 | 7 | 1 | 2.0 |
221,500 | 4 | 2,300 | 0 | 18 | 1 | 2.0 |
175,000 | 2 | 2,500 | 0 | 11 | 0 | 2.0 |
253,200 | 3 | 2,300 | 0 | 16 | 1 | 2.0 |
155,400 | 4 | 2,400 | 1 | 16 | 0 | 2.0 |
186,700 | 5 | 2,500 | 1 | 21 | 0 | 2.5 |
179,000 | 3 | 2,400 | 1 | 10 | 1 | 2.0 |
188,300 | 6 | 2,100 | 1 | 15 | 1 | 2.0 |
227,100 | 4 | 2,900 | 0 | 8 | 1 | 2.0 |
173,600 | 4 | 2,100 | 1 | 14 | 1 | 2.5 |
188,300 | 5 | 2,300 | 0 | 20 | 0 | 1.5 |
310,800 | 8 | 2,900 | 0 | 9 | 1 | 2.0 |
293,700 | 6 | 2,400 | 0 | 11 | 1 | 3.0 |
179,000 | 3 | 2,400 | 0 | 8 | 1 | 2.0 |
188,300 | 6 | 2,100 | 1 | 14 | 1 | 2.5 |
227,100 | 4 | 2,900 | 0 | 20 | 0 | 1.5 |
173,600 | 4 | 2,100 | 0 | 9 | 1 | 2.0 |
188,300 | 5 | 2,300 | 0 | 11 | 1 | 3.0 |
Provide the following answers on the excel sheet:
1. Perform correlation analysis of the independent variables and show the output.
2. Use the selling price of the home (Y) as the dependent variable and determine the regression equation (model) based on the following independent variables: number of bedrooms (BE), size of the house (SF), whether there is a pool (P), distance from the center of the city (D), whether there is an attached garage G), and the number of bathrooms (BA).
3. Interpret each of the coefficients of partial determination.
4. Predict the selling price of a 2,500 square feet house that has 5 bedrooms, 3 bathrooms, a 3-car attached garage, no pool, and is at 18 miles from the city center.
5. Determine whether the p value of each independent variable is above 5% to decide removal from the model, then re-run the regression analysis using only independent variables with significant (p<=0.05) regression coefficients. Show the new model.
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