Question: Using R studio Install Package Lock5WithR library(HomesForSale) For this problem use the HomesForSale data from the Lock5withR package. See page 30, https://cran.r-project.org/web/packages/Lock5withR/Lock5withR.pdf, for a description
Using R studio
Install Package "Lock5WithR"
library(HomesForSale)
For this problem use the HomesForSale data from the Lock5withR package. See page 30, https://cran.r-project.org/web/packages/Lock5withR/Lock5withR.pdf, for a description of the variables. Alternatively, you can use help(HomesForSale).
Using the HomesForSale data set from Lock5With R, fit a linear model for Price of a house given Size and Beds.
a)Use the bootstrap method to perform a hypothesis test about whether the number of beds is needed in a model of price that includes both size and beds. Provide your code and explain your steps for solving the previous problem.
b)Using a residuals vs fitted plot explain why the bootstrap method is needed for this model.
c)Using a residuals vs fitted plot explain why the bootstrap method is not needed if the response is log price instead of price.
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