Explain why the research problem is important

Question

Assignment:

Include a definition of your selection using quantifiable measures.

Include the following steps of the business research process that must follow for addressing or finding a solution to your selected issue or problem:

Purpose of the research

o Describe the research problem.

o Explain why the research problem is important.

Problem definition

o Explain what question you are answering by your research.

Research hypothesis

o Explain three possible outcomes that may result from this research.

o Define operational definitions for each variable.

Identify the variables to be tested.

Define the level of measurement for each variable.

Define the measurement scale for each variable.

Discuss briefly the remaining steps in the research process you will follow to complete your final project.Legend:

X1: Selling price (in thousands)

X2: Number of bedrooms

X3: Size of the home in square feet

X4: Pool (0=no, 1=yes)

X5: Distance from the center of the city in miles

X6: Township

X7: Garage attached (0=no, 1=yes)

X8: Number of bathrooms

105 homes sold

Price	Bedrooms	Size	Pool	Distance	Twnship	Garage	Baths
263.1	4	2300	1	17	5	1	2
182.4	4	2100	0	19	4	0	2
242.1	3	2300	0	12	3	0	2
213.6	2	2200	0	16	2	0	2.5
139.9	2	2100	0	28	1	0	1.5
245.4	2	2100	1	12	1	1	2
327.2	6	2500	0	15	3	1	2
271.8	2	2100	0	9	2	1	2.5
221.1	3	2300	1	18	1	0	1.5
266.6	4	2400	0	13	4	1	2
292.4	4	2100	0	14	3	1	2
209	2	1700	0	8	4	1	1.5
270.8	6	2500	0	7	4	1	2
246.1	4	2100	0	18	3	1	2
194.4	2	2300	0	11	3	0	2
281.3	3	2100	0	16	2	1	2
172.7	4	2200	1	16	3	0	2
207.5	5	2300	1	21	4	0	2.5
198.9	3	2200	1	10	4	1	2
209.3	6	1900	1	15	4	1	2
252.3	4	2600	0	8	4	1	2
192.9	4	1900	1	14	2	1	2.5
209.3	5	2100	0	20	5	0	1.5
345.3	8	2600	0	9	4	1	2
326.3	6	2100	0	11	5	1	3
173.1	2	2200	1	21	5	1	1.5
187	2	1900	0	26	4	0	2
257.2	2	2100	0	9	4	1	2
233	3	2200	0	14	3	1	1.5
180.4	2	2000	0	11	5	0	2
234	2	1700	0	19	3	1	2
207.1	2	2000	0	11	5	1	2
247.7	5	2400	0	16	2	1	2
166.2	3	2000	1	16	2	1	2
177.1	2	1900	0	10	5	1	2
182.7	4	2000	1	14	4	0	2.5
216	4	2300	0	19	2	0	2
312.1	6	2600	0	7	5	1	2.5
199.8	3	2100	0	19	3	1	2
273.2	5	2200	0	16	2	1	3
206	3	2100	1	9	3	0	1.5
232.2	3	1900	1	16	1	1	1.5
198.3	4	2100	1	19	1	1	1.5
205.1	3	2000	1	20	4	0	2
175.6	4	2300	1	24	4	1	2
307.8	3	2400	1	21	2	1	3
269.2	5	2200	0	8	5	1	3
224.8	3	2200	0	17	1	1	2.5
171.6	3	2000	1	16	4	0	2
216.8	3	2200	0	15	1	1	2
192.6	6	2200	1	14	1	0	2
236.4	5	2200	0	20	3	1	2
172.4	3	2200	0	23	3	0	2
251.4	3	1900	0	12	2	1	2
246	6	2300	0	7	3	1	3
147.4	6	1700	1	12	1	0	2
176	4	2200	0	15	1	1	2
228.4	3	2300	0	17	5	1	1.5
166.5	3	1600	1	19	3	0	2.5
189.4	4	2200	0	24	1	1	2
312.1	7	2400	0	13	3	1	3
289.8	6	2000	0	21	3	1	3
269.9	5	2200	1	11	4	1	2.5
154.3	2	2000	0	13	2	0	2
222.1	2	2100	0	9	5	1	2
209.7	5	2200	1	13	2	1	2
190.9	3	2200	1	18	3	1	2
254.3	4	2500	1	15	3	1	2
207.5	3	2100	1	10	2	0	2
209.7	4	2200	1	19	2	1	2
294	2	2100	0	13	2	1	2.5
176.3	2	2000	1	17	3	0	2
294.3	7	2400	0	8	4	1	2
224	3	1900	1	6	1	1	2
125	2	1900	0	18	4	0	1.5
236.8	4	2600	1	17	5	1	2
164.1	4	2300	0	19	4	0	2
217.8	3	2500	0	12	3	0	2
192.2	2	2400	0	16	2	0	2.5
125.9	2	2400	0	28	1	0	1.5
220.9	2	2300	1	12	1	1	2
294.5	6	2700	0	15	3	1	2
244.6	2	2300	0	9	2	1	2.5
199	3	2500	1	18	1	0	1.5
240	4	2600	0	13	4	1	2
263.2	4	2300	0	14	3	1	2
188.1	2	1900	0	8	4	1	1.5
243.7	6	2700	0	7	4	1	2
221.5	4	2300	0	18	3	1	2
175	2	2500	0	11	3	0	2
253.2	3	2300	0	16	2	1	2
155.4	4	2400	1	16	3	0	2
186.7	5	2500	1	21	4	0	2.5
179	3	2400	1	10	4	1	2
188.3	6	2100	1	15	4	1	2
227.1	4	2900	0	8	4	1	2
173.6	4	2100	1	14	2	1	2.5
188.3	5	2300	0	20	5	0	1.5
310.8	8	2900	0	9	4	1	2
293.7	6	2400	0	11	5	1	3
179	3	2400	0	8	4	1	2
188.3	6	2100	1	14	2	1	2.5
227.1	4	2900	0	20	5	0	1.5
173.6	4	2100	0	9	4	1	2
188.3	5	2300	0	11	5	1	3