• Analyze Your Sample
  • Discuss how the regional sample created is or is not reflective of the national market.
    • Compare and contrast your sample with the population using the National Summary Statistics and Graphs Real Estate Data PDF document.
  • Explain how you have made sure that the sample is random.
    • Explain your methods to get a truly random sample.Observe patterns
      • Answer the following questions based on the scatterplot:
        • Define x and y. Which variable is useful for making predictions?
        • Is there an association between x and y? Describe the association you see in the scatter plot.
        • What do you see as the shape (linear or nonlinear)?
        • If you had a 1,800 square foot house, based on the regression equation in the graph, what price would you choose to list at?
        • 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?

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