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Tutorial #6 - (Week 7) : Download File and From Webct and Save It in Your "Desktop"

This document provides instructions for tutorial 6, which involves analyzing real estate data using Excel and Minitab. Students are asked to: [1] Test for differences in home selling price variability and means based on features like pools, garages, and location; [2] Conduct regression analyses to estimate selling prices based on home size and distance from city and calculate related intervals; [3] Open a Minitab file to compute solutions and report p-values.

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hadao2010
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143 views

Tutorial #6 - (Week 7) : Download File and From Webct and Save It in Your "Desktop"

This document provides instructions for tutorial 6, which involves analyzing real estate data using Excel and Minitab. Students are asked to: [1] Test for differences in home selling price variability and means based on features like pools, garages, and location; [2] Conduct regression analyses to estimate selling prices based on home size and distance from city and calculate related intervals; [3] Open a Minitab file to compute solutions and report p-values.

Uploaded by

hadao2010
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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TUTORIAL #6 – (Week 7)

→ Download file Tutorial_6.xls and Tutorial_6.MPJ from WebCT (Data and Files used in Tutorials\Data
used in Tutorials) and save it in your “Desktop”.

1. (Exercise 49, p. 443):

Refer to the Real Estate data in the Tutorial_6.xls file:

a. At the .02 significance level, is there a difference in the variability of the selling prices of
the homes that have a pool versus those that do not have a pool?
b. At the .02 significance level, is there a difference in the variability of the selling prices of
the homes with an attached garage versus those that do not have an attached garage?
c. At the .05 significance level, is there a difference in the mean selling price of the homes
among the five townships?

2. (Exercise 49, p. 443)

Refer to the Real Estate data in the Tutorial_6.xls file:

a. Let selling price be the dependent variable and size of the home the independent
variable. Determine the regression equation. Estimate the mean selling price for a home
with an area of 2,200 square feet. Compute the 95 percent confidence interval and the 95
percent prediction interval for the mean selling price of a home with 2,200 square feet.
b. Let selling price be the dependent variable and distance from the center of the city the
independent variable. Determine the regression equation. Estimate the mean selling
price of a home 20 miles from the center of the city. Compute the 95 percent confidence
interval and the 95 percent prediction interval for mean selling price of homes 20 miles
from the center of the city.
c. Can you conclude that the independent variables “distance from the center of the city”
and “selling price” are negatively correlated and that the area of the home and the selling
price are positively correlated? Use the .05 significance level. Report the p-value of the
test.

3. Open file Minitab file Tutorial_6.MPJ and compute the solutions for the problems above.

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