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Problem 1 2 101,200 173,800 1. Determine the sales price of a 3-bedroom, 3- bathroom, 200 square 4 193,100 169,400 112,900 7 111,800 meter condo unit. The 126,800 137,600 unit was built 5 years ago, 10 127,400 and has been offered in 11 197,900 the real estate market for 12 13 89,900 99,000

Problem 1 2 101,200 173,800 1. Determine the sales price of a 3-bedroom, 3- bathroom, 200 square 4 193,100 169,400 112,900 7 111,800 meter condo unit. The 126,800 137,600 unit was built 5 years ago, 10 127,400 and has been offered in 11 197,900 the real estate market for 12 13 89,900 99,000

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter3: Straight Lines And Linear Functions
Section3.3: Modeling Data With Linear Functions
Problem 22E
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A B D E F G 1 $ Sales Price Bedrooms Bathrooms Sq mtrs Age Time in Market $Asking Price Problem 1 101,200 2 195 12 102,500 173,800 4. 288 4 21 183,600 1. Determine the sales 210,300 193,100 5 4 390 28 price of a 3-bedroom, 6 3- bathroom, 200 square 169,400 5 4. 353 8 31 187,300 112,900 2 223 27 115,700 7 111,800 3 3 186 10 6 114,100 meter condo unit. The 126,800 2 214 1 18 130,300 9 unit was built 5 years ago, 137,600 3 214 4 141,200 10 127,400 2 177 1 11 130,600 and has been offered in 197,900 11 344 1 3 206,200 12 89,900 2 2 195 9 28 97,500 the real estate market for 13 99,000 2 2 177 6 101,200 7 weeks now, with an asking price of $132,000. 2. What factors among the 6 factors shown influence the sales price? 3. Is the regression model you used a good model. Please explain. 14 123,400 2 2 223 6 127,800 15 181,200 5 4. 334 26 205,700 16 196,500 5 4 409 13 216,400 17 145,200 4 3 288 10 22 154,500 18 113,900 3 186 5 13 124,900 19 104,600 3 186 7 32 111,300 20 89,700 2 2 195 10 19 104,500 21 184,800 4 288 1 21 198,500 22 110,100 2 2 214 3 113,700 23 137,300 3 223 1 15 153,400 24 115,000 2 2 186 4 5 120,300 25 106,500 3 204 10 28 115,000 26 115,300 177 4 116,000 27 111,300 3 195 26 126,100 28 132,200 3 223 4 15 137,100 29 209,500 5 4 455 5 27 234,400 30 121,600 214 1 21 128,800 31 181,500 4 3 307 1 193,600 22
Transcribed Image Text:A B D E F G 1 $ Sales Price Bedrooms Bathrooms Sq mtrs Age Time in Market $Asking Price Problem 1 101,200 2 195 12 102,500 173,800 4. 288 4 21 183,600 1. Determine the sales 210,300 193,100 5 4 390 28 price of a 3-bedroom, 6 3- bathroom, 200 square 169,400 5 4. 353 8 31 187,300 112,900 2 223 27 115,700 7 111,800 3 3 186 10 6 114,100 meter condo unit. The 126,800 2 214 1 18 130,300 9 unit was built 5 years ago, 137,600 3 214 4 141,200 10 127,400 2 177 1 11 130,600 and has been offered in 197,900 11 344 1 3 206,200 12 89,900 2 2 195 9 28 97,500 the real estate market for 13 99,000 2 2 177 6 101,200 7 weeks now, with an asking price of $132,000. 2. What factors among the 6 factors shown influence the sales price? 3. Is the regression model you used a good model. Please explain. 14 123,400 2 2 223 6 127,800 15 181,200 5 4. 334 26 205,700 16 196,500 5 4 409 13 216,400 17 145,200 4 3 288 10 22 154,500 18 113,900 3 186 5 13 124,900 19 104,600 3 186 7 32 111,300 20 89,700 2 2 195 10 19 104,500 21 184,800 4 288 1 21 198,500 22 110,100 2 2 214 3 113,700 23 137,300 3 223 1 15 153,400 24 115,000 2 2 186 4 5 120,300 25 106,500 3 204 10 28 115,000 26 115,300 177 4 116,000 27 111,300 3 195 26 126,100 28 132,200 3 223 4 15 137,100 29 209,500 5 4 455 5 27 234,400 30 121,600 214 1 21 128,800 31 181,500 4 3 307 1 193,600 22
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