Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The independent variable is used for prediction. the predictor variable is the square footage. Histogram: For your two variables, create histograms. Summary statistics: For your

The independent variable is used for prediction.

the predictor variable is the square footage.

  1. Histogram: For your two variables, create histograms.
  2. Summary statistics: For your two variables, make a table to show the mean, median, and standard deviation.
  3. Interpret the graphs and statistics:
    1. Based on your graphs and sample statistics, interpret the center, spread, shape, and any unusual characteristic (outliers, gaps, etc.) for the two variables.
    2. Compare and contrast the shape, center, spread, and any unusual characteristic for your sample of house sales with the national population. Is your sample representative of national housing market sales?
RegionStateCountylisting price$'s per square foot square feet
East North Centralingrant 219,500$116 1,898
East North Centralilvermilion 254,500$156 1,632
East North Centralinhenry 235,000$148 1,588
East North Centralinwayne 203,800$141 1,441
East North Centralilcoles 220,800$117 1,893
East North Centralilmacoupin 197,600$111 1,783
East North Centralinvigo 165,800$122 1,362
East North Centralohjefferson 246,500$136 1,814
East North Centraliljackson 154,300$105 1,463
East North Centralohmarion 149,700$116 1,296
East North Centralmibay 145,100$117 1,239
East North Centralilwhiteside 283,700$136 2,087
East North Centralohtrumbull 243,000$133 1,827
East North Centralinmadison 229,100$187 1,224
East North Centralilknox 205,100$118 1,740
East North Centralilstephenson 235,600$140 1,682
East North Centralilmacon 212,900$128 1,659
East North Centralindelaware 221,600$134 1,651
East North Centralilhenry 257,700$123 2,087
East North Centralohseneca 211,900$168 1,263
East North Centralohdarke 160,800$114 1,416
East North Centralohscioto 204,200$131 1,562
East North Centralohbelmont 172,500$101 1,710
East North Centralohsandusky 253,900$146 1,738
East North Centralilrock island 166,300$127 1,305
East North Centralohclark 240,500$137 1,752
East North Centralohcolumbiana 241,400$164 1,469
East North Centralinhoward 304,300$152 1,996
East North Centralohrichland 248,900$132 1,880
East North Centralilpeoria 187,900$131 1,434
East North Centralilla salle 311,100$154 2,015
East North Centralilmadison 254,500$156 1,628
East North Centralmiwayne 213,800$172 1,243
East North Centralinvanderburgh 214,100$134 1,596
East North Centralohmahoning 207,500$123 1,688
East North Centralilwilliamson 171,600$141 1,218
East North Centralilwinnebago 236,700$140 1,692
East North Centraliladams 266,100$166 1,599
East North Centralmisaginaw 171,800$118 1,452
East North Centralohmontgomery 225,300$151 1,493
East North Centralohallen 227,600$147 1,550
East North Centralohlucas 228,300$115 1,978
East North Centralohashtabula 177,000$107 1,658
East North Centralohlawrence 248,300$156 1,587
East North Centralohhuron 199,700$147 1,359
East North Centralingrant 225,372$143 1,579
East North Centralilvermilion 225,676$144 1,578
East North Centralinhenry 225,980$144 1,576
East North Centralinwayne 226,284$144 1,574
East North Centralilcoles 226,588$145 1,573
East North Centralilmacoupin 226,891$145 1,571
East North Centralmishiawassee 192,400$129 1,494
East North Centralmicalhoun 266,200$130 2,042
East North Centralilkankakee 148,700$115 1,293
East North Centralinlawrence 270,600$137 1,978
East North Centralwimanitowoc 181,400$140 1,294
East North Centralilst. clair 201,400$164 1,225
East North Centralmiingham 222,500$125 1,777
East North Centralilmclean 203,800$134 1,526
East North Centralmijackson 139,200$116 1,201
East North Centralmiisabella 163,000$125 1,307
East North Centralwiwood 266,500$144 1,853
East North Centralmimontcalm 218,300$105 2,081
East North Centralwigrant 243,200$121 2,014
East North Centralohcuyahoga 265,100$136 1,947
East North Centralohstark 201,000$163 1,230
East North Centralohathens 246,400$158 1,560
East North Centralwimilwaukee 184,900$111 1,666
East North Centralmilenawee 191,500$118 1,628
East North Centralwifond du lac 135,300$103 1,312
East North Centralinst. joseph 193,000$111 1,736
East North Centralmiionia 193,600$137 1,416
East North Centralmigenesee 194,800$166 1,173
East North Centralohmuskingum 188,300$94 1,999
East North Centralilogle 236,600$208 1,138
East North Centralohwashington 324,400$156 2,081
East North Centralohwayne 256,700$129 1,986
East North Centralmimuskegon 230,400$131 1,757
East North Centralohpickaway 265,700$143 1,853
East North Centralmist. joseph 188,500$135 1,397
East North Centralilchampaign 246,700$121 2,031
East North Centralohknox 192,200$127 1,510
East North Centralohlorain 226,200$126 1,789
East North Centralwicalumet 226,400$111 2,033
East North Centralmimidland 174,500$151 1,157
East North Centralmimarquette 172,500$120 1,433
East North Centralinelkhart 202,300$182 1,113
East North Centralmimonroe 228,600$136 1,679
East North Centralohlake 225,900$135 1,676
East North Centralmieaton 189,900$96 1,976
East North Centralwidouglas 461,400$129 3,581
East North Centralwimarathon 431,200$119 3,638
East North Centralildekalb 347,500$97 3,574
East North Centralinmarion 323,300$95 3,408
East North Centralinallen 398,000$113 3,525
East North Centralohhancock 380,300$94 4,028
East North Centralinlake 470,600$109 4,316

image text in transcribedimage text in transcribed
Listing Price of Houses vs Price per Sqaure Foot and Square Feet of the House 5000 4500 4000 3500 3000 Listing Price 2500 2000 1500 1000 500 0 0 50000 100000 150000 200000 250000 300000 350000 400000 450000 500000Listing Price of Houses vs Price per Sqaure Foot and Square Feet of the House 5000 4500 4000 3500 3000 Listing Price 2500 2000 .. . 1500 1000 500 .. S 0 50000 100000 150000 200000 250000 300000 350000 400000 450000 500000 Price per sqaure foort and Square Feet

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

1292016922, 978-1292016924

Students also viewed these Mathematics questions

Question

Where do you see yourself in 5/10 years?

Answered: 1 week ago