Provide summary statistics (with Excel Data Analysis) by calculating the mean and standard deviation on the asking price, square footage, the number of bedrooms, the number of bathrooms, and the lot size. Explain each factor’s mean and standard deviation. What does each of these summary statistics tell us.
Statistical Methods of Business II – Case Study – Indiana Real Estate Ann Perkins, a realtor in Brownsburg, Indiana, would like to use estimates from a multiple regression model to help prospective sellers determine a reasonable asking price for their homes. S he believes that the following four factors influence the asking price (Price) of […]