Mathematics, 30.07.2021 22:00 DrLIFE751
You are a real estate broker who wants to compare property values in Glen Cove and Roslyn (which are located approximately 8 miles apart). In order to do so, you will analyze the data that includes samples of houses from Glen Cove and Roslyn. Making sure to include the dummy variable for location (Glen Cove=1 and Roslyn=0), develop a regression model to predict fair market value, based on the location, property size, age, house size, rooms, baths, garage. The first few lines are seen below: Address Location Fair Market Value($000) Property Size (acres) Age House Size (square feet) Rooms Baths Garage 9 Sycamore Road Glen Cove 522.9 0.2297 56 2448 7 3.5 2 21 Jefferson St Glen Cove 425.0 0.2192 61 1942 7 2.5 1 38 Hitching Post Lane Glen Cove 539.2 0.1630 39 2073 5 3 2 4 Poppy Lane Glen Cove 628.2 0.4608 28 2707 8 2.5 1 How many outliers are there in this regression output?
Answers: 1
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