MAT 240 Module Three Assignment-Gardner
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Southern New Hampshire University *
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240
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Mathematics
Date
Feb 20, 2024
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docx
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Uploaded by CommodoreSheep3503
1
Housing Price Prediction Model for D.M. Pan National Real Estate Company
Devan Gardner
Department of Math, Southern New Hampshire University
MAT 240: Applied Statistics
Jody Tate
January 28, 2024
2
Housing Price Prediction Model for D.M. Pan National Real Estate Company
Module Two Notes
Region
State
County
listing price
$'s per
square foot
square feet New England
ma
norfolk
394,600 $202
1,949
New England
ri
washington
360,700 $183
1,971
New England
ri
kent
397,900 $165
2,405
New England
me
kennebec
331,100 $165
2,005
New England
ma
franklin
385,200 $171
2,247
New England
nh
belknap
357,600 $178
2,013
New England
me
cumberland
370,700 $213
1,744
New England
nh
hillsborough
372,300 $185
2,014
New England
ct
fairfield
299,700 $167
1,798
New England
ri
providence
379,100 $148
2,566
New England
ri
bristol
355,100 $206
1,726
New England
ct
new haven
387,100 $181
2,142
New England
ct
tolland
378,100 $187
2,018
New England
ma
worcester
395,800 $176
2,246
New England
vt
chittenden
340,300 $183
1,855
New England
ri
washington
357,800 $181
1,975
New England
ri
newport
402,200 $157
2,556
New England
ma
barnstable
351,800 $143
2,455
New England
ma
essex
391,300 $179
2,183
New England
ma
suffolk
853,700 $143
5,987
New England
ct
litchfield
339,000 $190
1,780
New England
nh
grafton
373,800 $175
2,131
New England
vt
chittenden
560,900 $136
4,128
New England
me
cumberland
347,900 $145
2,403
New England
ct
middlesex
347,000 $157
2,214
New England
nh
merrimack
305,500 $166
1,843
New England
vt
windsor
731,000 $137
5,319
New England
ma
berkshire
422,800 $168
2,511
New England
ma
norfolk
313,400 $174
1,806
New England
me
androscoggin
333,600 $166
2,015
listing
price
National List price
Mean 397900
342365
Median
371500
318000
Standard Deviation
117934
125914
square feet
National Sq Ft
Mean 2400
2111
Median
2075
1881
Standard Deviation
993
921
3
1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 f(x) = 115.42 x + 120863.01
Listing Price and Square Footage
Square Footage
Listing Price
Regression Equation
Y= 115.42x + 120863
Determine r
In the New England region, r= 0.972227929. This number represents the strength of the correlation between Listing Price and Square Footage. This would be considered a strong correlation, as there is a steady and even positive increase between both variables. The connection between these two factors lies in the influence of variable X, which represents the square footage of a house, on the listing price of the house (Y). The evidence for this can be found in the scatter plot presented above. This trendline indicates a consistently positive correlation. While there are a few outliers, the overall trend reflects a gradual rise, illustrating the
association between larger homes and higher listing prices in the New England region. The correlation consistently moves in an upward direction.
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