This assignment picks up where the Module Two assignment left off and will use components of that assignment as a foundation.
You have submitted your initial analysis to the sales team at D.M. Pan Real Estate Company. You will continue your analysis of the provided Real Estate County Data spreadsheet using your selected region to complete your analysis. You may refer back to the initial report you developed in the Module Two Assignment Template to continue the work. This document and the National and Graphs spreadsheet will support your work on the assignment.
Note: In the report you prepare for the sales team, the dependent, or response, variable (y) should be the median listing price and the independent, or predictor, variable (x) should be the median square feet.
Using the Module Three Assignment Template, specifically address the following:
Regression Equation: Provide the regression equation for the line of best fit using the scatterplot from the Module Two assignment.
Determine r: Determine r and what it means. (What is the relationship between the variables?)
Determine the strength of the correlation (weak, moderate, or strong).
Discuss how you determine the direction of the association between the two variables.
Is there a positive or negative association?
What do you see as the direction of the correlation?
Examine the Slope and Intercepts: Examine the slopeb1{“version”:”1.1″,”math”:”“} and intercept b0{“version”:”1.1″,”math”:”“}.
Draw conclusions from the slope and intercept in the context of this problem.
Does the intercept make sense based on your observation of the line of best fit?
Determine the value of the land only.
Note: You can assume, when the square footage of the house is zero, that the price is the value of just the land. This happens when x=0, which is the y-intercept.
Determine the R-squared Coefficient: Determine the R-squared value.
Discuss what R-squared means in the context of this analysis.
Conclusions: Reflect on the Relationship: Reflect on the relationship between square feet and sales price by answering the following questions:
Is the square footage for homes in your selected region different than for homes overall in the United States?
For every 100 square feet, how much does the price go up (i.e., can you use slope to help identify price changes)?
Use the regression equation to estimate how much you would list your house for if it was 1,200 square feet.
What square footage range would the graph be best used for?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more