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Which characteristics appear to be statistically significant in explaining the variation in prices, that is, appear to have more of an impact that what we would expect fr

Which characteristics appear to be statistically significant in explaining the variation in prices, that is, appear to have more of an impact that what we would expect fr

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter11: Data Analysis And Displays
Section11.1: Measures Of Center And Variation
Problem 3E
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Which characteristics appear to be statistically significant in explaining the variation in prices, that is, appear to have more of an impact that what we would expect from simply random chance?

Observation House Age Square Feet Bedrooms Brick Lot size Price 1 33 1812 2 10872 $405,000 2 32 1914 3 1 9570 $469,800 3 32 1842 12894 $419,850 4 33 1812 9060 $409,500 32 1836 3 1 11016 $458,550 6. 33 2028 3 1 14196 $488,250 7 32 1732 2 12124 $394,200 33 1850 3 1 9250 $432,000 9 32 1791 10746 $401,400 10 33 1666 2 8330 $397,800 11 32 1852 4 1 11112 $504,000 12 32 1620 1 11340 $483,500 13 32 1692 3 8460 $437,500 14 32 2372 4 1 14232 $570,000 15 32 2372 1 14232 $566,000 16 33 1666 9996 $437,500 17 32 2123 4 1 14861 $580,500 18 32 1620 8100 $473,500 19 32 1731 3 8655 $432,000 20 32 1666 3 9996 $435,500 21 28 1520 10640 $417,000 22 27 1484 7420 $399,000 23 28 1588 2 7940 $407,500 24 28 1598 3 7990 $435,500 25 28 1484 3 10388 $413,000 26 33 1484 7420 $394,000 27 28 1520 10640 $438,000 28 27 1701 3 11907 $471,000 29 28 1484 8904 $410,000 30 28 1468 3 7340 $440,500 31 28 1520 10640 $440,500 32 27 1520 9120 $443,000 33 34 1484 2 8904 $383,000 34 28 1520 3 9120 $422,000 35 27 1668 3 8340 $454,500 36 28 1588 11116 $405,000 37 28 1784 10704 $456,500 38 27 1484 2 8904 $406,500 39 27 1520 4 1 9120 $503,500 40 28 1520 9120 $436,000 41 27 1684 3 1 11788 $483,500 42 27 1581 4 1 9486 $603,500
Transcribed Image Text:Observation House Age Square Feet Bedrooms Brick Lot size Price 1 33 1812 2 10872 $405,000 2 32 1914 3 1 9570 $469,800 3 32 1842 12894 $419,850 4 33 1812 9060 $409,500 32 1836 3 1 11016 $458,550 6. 33 2028 3 1 14196 $488,250 7 32 1732 2 12124 $394,200 33 1850 3 1 9250 $432,000 9 32 1791 10746 $401,400 10 33 1666 2 8330 $397,800 11 32 1852 4 1 11112 $504,000 12 32 1620 1 11340 $483,500 13 32 1692 3 8460 $437,500 14 32 2372 4 1 14232 $570,000 15 32 2372 1 14232 $566,000 16 33 1666 9996 $437,500 17 32 2123 4 1 14861 $580,500 18 32 1620 8100 $473,500 19 32 1731 3 8655 $432,000 20 32 1666 3 9996 $435,500 21 28 1520 10640 $417,000 22 27 1484 7420 $399,000 23 28 1588 2 7940 $407,500 24 28 1598 3 7990 $435,500 25 28 1484 3 10388 $413,000 26 33 1484 7420 $394,000 27 28 1520 10640 $438,000 28 27 1701 3 11907 $471,000 29 28 1484 8904 $410,000 30 28 1468 3 7340 $440,500 31 28 1520 10640 $440,500 32 27 1520 9120 $443,000 33 34 1484 2 8904 $383,000 34 28 1520 3 9120 $422,000 35 27 1668 3 8340 $454,500 36 28 1588 11116 $405,000 37 28 1784 10704 $456,500 38 27 1484 2 8904 $406,500 39 27 1520 4 1 9120 $503,500 40 28 1520 9120 $436,000 41 27 1684 3 1 11788 $483,500 42 27 1581 4 1 9486 $603,500
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