Regression Homework for BUSA 3132 Barnaby is moving to Midsommer. He would like to know how to value cottages in the area. He is looking at 3 villages, Midsomer Worthy, Aspen Tallow and Badgers Drift. Data includes square feet of each cottage, if it has a thatched roof, does it have a garage, does it have a wall out front at the road, does it have water on the property (lake, stream etc.), does it have a garden and has there been a murder nearby. The estate agent also tells you that cottages that have both a thatched roof and a garden together have an extra premium in the price. Use Badgers Drift as the base regression. Do not remove any observations even if you think the observation is an outlier. You will need the answers similar to the following to complete the graded homework in Folio. A. What is your estimated regression equation with all the variables included? B. The overall test of the model is? (Ho, Ha test stat etc.) C. The marginal test for a Wall is? (Ho, Ha test stat etc.) D. What is the reduced equation with all remaining variables meeting a 10% significance level? Use model in PART D to answer all remaining questions E. The model (part D) explains how much of the variation price? F. How much is the extra premium for having both a garden and a thatched roof? G. How much is a wall worth? H. What are price differences for, Midsomer Worthy Vs Badgers Drift? Badgers Drift Vs Aspen Tallow? 1. Barnaby has found a cottage in Badgers Drift that is 4,200 sq. feet, 2 stories, with a thatched roof, a garden for spike (his dog), a garage but no wall, no water, but has had a murder nearby. What does the model show the average price should be? What is the approximate 95% confidence interval for the price? Question 10 (3 points) The most expensvie village is 1) Mid Summer Worthy 2) Aspen Tallow 3) Badgers Drift 4) Can not be detrmined Previous Page Next Page Question 11 (6 points) For a house cottage in Aspen Tallow, 3500 sf, 2 stories, with a thatced roof and a garden, a wall, water frontage, a garage and no murders nearby the estimate dprice would be? A/ The approximate 95% confidence interval for the price would be? Low of M to High of A/ Previous Page Next Page Page 11 of 11 Regression Homework for BUSA 3132 Barnaby is moving to Midsommer. He would like to know how to value cottages in the area. He is looking at 3 villages, Midsomer Worthy, Aspen Tallow and Badgers Drift. Data includes square feet of each cottage, if it has a thatched roof, does it have a garage, does it have a wall out front at the road, does it have water on the property (lake, stream etc.), does it have a garden and has there been a murder nearby. The estate agent also tells you that cottages that have both a thatched roof and a garden together have an extra premium in the price. Use Badgers Drift as the base regression. Do not remove any observations even if you think the observation is an outlier. You will need the answers similar to the following to complete the graded homework in Folio. A. What is your estimated regression equation with all the variables included? B. The overall test of the model is? (Ho, Ha test stat etc.) C. The marginal test for a Wall is? (Ho, Ha test stat etc.) D. What is the reduced equation with all remaining variables meeting a 10% significance level? Use model in PART D to answer all remaining questions E. The model (part D) explains how much of the variation price? F. How much is the extra premium for having both a garden and a thatched roof? G. How much is a wall worth? H. What are price differences for, Midsomer Worthy Vs Badgers Drift? Badgers Drift Vs Aspen Tallow? 1. Barnaby has found a cottage in Badgers Drift that is 4,200 sq. feet, 2 stories, with a thatched roof, a garden for spike (his dog), a garage but no wall, no water, but has had a murder nearby. What does the model show the average price should be? What is the approximate 95% confidence interval for the price? Question 10 (3 points) The most expensvie village is 1) Mid Summer Worthy 2) Aspen Tallow 3) Badgers Drift 4) Can not be detrmined Previous Page Next Page Question 11 (6 points) For a house cottage in Aspen Tallow, 3500 sf, 2 stories, with a thatced roof and a garden, a wall, water frontage, a garage and no murders nearby the estimate dprice would be? A/ The approximate 95% confidence interval for the price would be? Low of M to High of A/ Previous Page Next Page Page 11 of 11
