Assignment
I. Generate a Representative Sample of the Data
• Select a region and generate a simple random sample of 30 from the data.
• Report the mean, median, and standard deviation of the median listing price and the median square foot variables.
II. Analyze Your Sample
• Discuss how the regional sample created is reflective of the national market.
o Compare and contrast your sample with the population using the National Statistics and Graphs document.
• Explain how you have made sure that the sample is random.
o Explain your methods to get a truly random sample.
III. Generate Scatterplot
• Create a scatterplot of the x and y variables noted above and include a trend line.
IV. Observe patterns
• Answer the following questions based on the scatterplot:
o Define x and y. Which variable is useful for making predictions?
o Is there an association between x and y? Describe the association you see in the scatter plot.
o What do you see as the shape (linear or nonlinear)?
o If you had a 1,200 square foot house, based on the regression equation in the graph, what price would you choose to list at?
o Do you see any potential outliers in the scatterplot?
- Why do you think the outliers appeared in the scatterplot you generated?
- What do they represent?
Format your assignment according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the assignment, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.