Describing the form, direction and strength.Note any outliers or influential points.
Estimate the correlation coefficient between Price and Square feet.
Determine the simple linear regression line equation to predict Price by Square feetof the house.
What is the slope b1? Give the interpretation of what that means about thePrice with respect to Square Feet.
Using the regression equation, predict the Priceof a house that is 1,800sq ft.
What percent of variation in Price can be explained by this regression equation?
Give the summary statistics for price of 4-bedroom houses and the price of4-bedroom houses.Hint: you can use Bedas the "by variables" in the dialog box for "Distribution."
Create a boxplot of the pricebetween 4-bedroom houses and 3-bedroom houses.Write out similarities or differences to the list price of the houses compared to number of bedrooms.
Determine a 98% confidence for the difference for the meanprice4-bedroom houses and 3-bedroom houses.