Please I need visuals if possible visual data pictures or drawings because I need a lot of help with this.

Overview

Recall that samples are used to generate a statistic, which businesses use to estimate the population parameter. You have learned how to take samples from populations and use them to produce statistics. For two quantitative variables, businesses can use scatterplots and the correlation coefficient to explore a potential linear relationship. Furthermore, they can quantify the relationship in a regression equation.

Note: In the report you prepare for the sales team, the dependent, or response, variable (y) should be the listing price and the independent, or predictor, variable (x) should be the square feet.

• Regression Equation: Provide the regression equation for the line of best fit using the scatterplot from the Module Two assignment.
• Determine r: Determine r and what it means. (What is the relationship between the variables?)
  • Determine the strength of the correlation (weak, moderate, or strong).
  • Discuss how you determine the direction of the association between the two variables.
    • Is there a positive or negative association?
    • What do you see as the direction of the correlation?
• Examine the Slope and Intercepts: Examine the slope and intercept .
  • Draw conclusions from the slope and intercept in the context of this problem.
    • Does the intercept make sense based on your observation of the line of best fit?
  • Determine the value of the land only. Note: You can assume, when the square footage of the house is zero, that the price is the value of just the land. This happens when x=0, which is the y-intercept. Does this value make sense in context?
• Determine the R-squared Coefficient: Determine the R-squared value.
  • Discuss what R-squared means in the context of this analysis.
• Conclusions: Reflect on the Relationship: Reflect on the relationship between square feet and sales price by answering the following questions:
  • Is the square footage for homes in your selected region different than for homes overall in the United States?
  • For every 100 square feet, how much does the price go up (i.e., can you use slope to help identify price changes)?
  • What square footage range would the graph be best used for?
• Housing Price Prediction Model for D.M. Pan National Real Estate CompanyModule Two Notes

Regression Equation

[Insert the regression equation for the line of best fit using the scatterplot from your Module Two assignment.]

Determine

[Determine r and what it means and describes the direction, strength of correlation, and association between the variables.]

Examine the Slope and Intercepts

[Draw conclusions from the slope and intercept in the context of this problem and determine the value of only the land.]

R-squared Coefficient

[Explain what R-squared means in the context of this analysis.]

Conclusions

[Reflect on the relationship between square feet and sales price by addressing key considerations such as the comparison between your selected region and overall homes in the United States, as well as analyzing how the slope can help identify price changes, how the regression equation can help identify appropriate listing prices, and what square footage ranges the graph would be best used for.]