Question

In: Statistics and Probability

Perform a linear regression on this data set Assessed Value Heating Area Age 184400 2000 3.42...

Perform a linear regression on this data set

Assessed Value Heating Area Age
184400 2000 3.42
177400 1710 11.50
175700 1450 8.33
185900 1760 0.00
179100 1930 7.42
170400 1200 32.00
175800 1550 16.00
185900 1930 2.00
178500 1590 1.75
179200 1500 2.75
186700 1900 0.00
179300 1390 0.00
174500 1540 12.58
183800 1890 2.75
176800 1590 7.17

Be sure to plot the data and plot and include various graphs that would help determine if the data is normally distributed (which is an assumption of ordinary least squared regression).

At the 0.05 significance level is there evidence of a relation between assessed value and heated area of house?

Solutions

Expert Solution

Solution:

We have to test weather there is a relation between assessed value and heated area of house


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