Jax House Prices Data (Appendix C.6). Your goal is to understand how the mean sales price (SALEPRICE) of homes may be related to age. Based on the age as of 2020 (AGE2020), categorize the homes by...


Jax House Prices Data (Appendix C.6). Your goal is to understand how the mean sales price (SALEPRICE) of homes may be related to age. Based on the age as of 2020 (AGE2020), categorize the homes by 0-19,-20-29,-30-39, and 40 and up years of age. A trend in the sales prices by age category can be tested using a contrast with coefficients (-3, -1, 1, 3). Include this test in your analysis, explaining the rationale you use to assign a p value. For those homes that appear to be extreme outliers, inspect the data to see if there are any special features of those homes that might explain their price.



May 23, 2022
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