In: Statistics and Probability
Data collected from a sample of houses are organized and stored in the Table below. Develop a regression model that predicts the Assessed value of a house based on size of the house and presence of a fireplace (Fireplace=1. No fireplace=0).
assessed value | size | fireplace |
234.4 | 2 | 1 |
227.4 | 1.71 | 0 |
225.7 | 1.45 | 0 |
235.9 | 1.76 | 1 |
229.1 | 1.93 | 0 |
220.4 | 1.2 | 1 |
225.8 | 1.55 | 1 |
235.9 | 1.93 | 1 |
228.5 | 1.59 | 1 |
229.2 | 1.5 | 1 |
236.7 | 1.9 | 1 |
229.3 | 1.39 | 1 |
224.5 | 1.54 | 0 |
233.8 | 1.89 | 1 |
226.8 | 1.59 | 0 |
243.4 | 1.78 | 1 |
225.8 | 1.65 | 1 |
220.8 | 1.35 | 0 |
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