Price SqFt 600000 2767 545000 2731 314900 2051 419000 2084 365000 2270 479000 1950 323000 1235 339900 2116 399000 1644 552000 2415 223017 1375 315777 1529 499000 2223 575000 2327 342000 1879 375000 1558 349000 2012 485000 1200 549888 1410 295000 1943 399000 1827 306999 1840 265200 1636 479000 2357 249700 1152 539500 2650 365000 2154 295900 1279 499000 2156 526000 2493 514900 2390 346000 1347 460000 2120 389000 1917 499000 1200 405000 2643 389900 1789 545000 2327 339000 1742 425000 1746 479000 1421 392000 2569 Can square feet explain prices? Provide evidence to support your answer. If the square feet is 2418, what is the expected price for the home?

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A: mean  = 1203.84 standard deviation = 1172.81

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.