# Question: A collection of houses in a neighborhood of Boston shows

A collection of houses in a neighborhood of Boston shows the following relationship between Price and Age of the house:

a) Describe the relationship between Price and Age. Explain what this says in terms of house prices.

b) A linear regression of Price on Age shows that the slope for Age is not statistically significant. Is Price unrelated to Age? Explain.

c) What might you do instead?

a) Describe the relationship between Price and Age. Explain what this says in terms of house prices.

b) A linear regression of Price on Age shows that the slope for Age is not statistically significant. Is Price unrelated to Age? Explain.

c) What might you do instead?

## Answer to relevant Questions

A regression model from the collection of houses in Exercise 15 shows the following: a) The slope of Age is negative. Does this indicate that older houses cost less, on average? Explain. b) Why did the model subtract 38.5122 ...Here’s a scatterplot of the residuals from the regression in Exercise 18 plotted against mean Highway mph. a) The point plotted with an x is Los Angeles. Read the graph and explain what it says about traffic delays in Los ...The Brief Case in Chapter 4 introduced the Cost of Living dataset that contains an estimate of the cost of living for 322 cities worldwide in 2013. In addition to the overall Cost of Living Index are: the Rent Index, ...In Exercise we saw that there were several potential high influence points. After a researcher set aside those four countries, she refit the model in Exercise 33. A plot of residuals vs. predicted values showed: a) What ...For the Gas prices of Exercise 6, find the lag2 version of the prices.Post your question