MAT10251:Data Analysis Project Assignment-Statistical Analysis

Internal Code:MAS14

Data Analysis Assignment:

Question 1 -Statistical Inference: Your relative or friend asks you if house prices are usually higher than unit/apartment prices.Use Price $000 and Type data and an appropriate statistical inference technique to answer the following question: On average in town/city are house prices higher than unit/apartment prices? Replace town/city with the name of the particular town or city of your sample.Delete apartment for samples 0, 1, 2, 3, 8, 9 Question 2 -Simple Linear Regression model: Your friend or relative asks you how the number of bedrooms a property has influences the price.Use Bedrooms (independent variable) and Price $000 (dependent variable) to model the relationship between number of bedrooms and price. Explore this relationship by 1. Plotting data with a scatter plot. 2. Calculating the least squares regression line, correlation coefficient and coefficient of determination. Question 3 -Multiple Linear Regression model: Your relative or friend now wants to know what other factors may have an influence on price. Explore this by adding Bathrooms, Garage/Car and Type as additional independent variables to the regression model developed in Question 2 and a) Calculating the multiple regression equation, multiple correlation coefficient, and coefficient of multiple determination. b) Using appropriate tests to determine which independent variables make a significant contribution to the regression model. Hence, determine which independent variables to include in your model.