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Regression Hypothesis Testing

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Regression Hypothesis Test
Team A
Res/342
February 23,2012
John Broy

Regression Hypothesis Test
Increasingly, the housing market has been in a slump. Relators as well as home owners are trying to find creative ways to get the most for their homes. Regression analysis is a statistical tool for the investigation of relationships between variables (). Team A will use the regression analysis procedure to develop a quantitative relationship between the price of the home and the size. The dependent variable is the price and the independent variable would be the square footage. Team A will formulate a hypothesis statement, interpret the results of the regression hypothesis, and explain the linear regression.
The purpose of Team A’s research utilizing Real Estate Data sets provided by University of Phoenix is to observe if the size of the home has an effect on the price. Team A’s problem statement will evaluate if there is a direct correlation between the price of the home and the square footage. The research question Team A is trying to answer is; will the data provided show the difference in the price of the home and the square footage. The team will sample 105 homes priced from $125,000 to $345,000 and ranging from 1600 to 2900 square feet. The hypothesis is there a difference in the price for the square footage. Regression Analysis | | | | | | | | | | | | | | r² | 0.138 | n | 105 | | | | r | 0.371 | k | 1 | | | | Std. Error | 43.955 | Dep. Var. | Price | | | | | | | | | | ANOVA table | | | | | | | Source | SS | df | MS | F | p-value | | Regression | 31,770.2044 | 1 | 31,770.2044 | 16.44 | .0001 | | Residual | 198,997.3848 | 103 | 1,932.0134 | | | | Total | 230,767.5891 | 104 | | | | | | | | | | | | | | | | | | | Regression

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