RESEARCH ANALYSIS AND PUBLICATION (LOB7) BATCH 27 An agent for a residential real estate company in a large city would like to be able to predict the monthly rental cost for apartments, based on the...




  1. RESEARCH ANALYSIS  AND PUBLICATION (LOB7) BATCH 27


    An agent for a residential real estate company in a large city would like to be able to predict the monthly rental cost for apartments, based on the size of the apartments as defined by square footage.  A sample of 14 apartments in a particular residential neighbourhood was selected, and the information gathered revealed the following:


















































































    APARTMENT




    MONTHLY RENT



    ($)




    SIZE



    (SQUARE FEET)



    1



    950



    850



    2



    1600



    1450



    3



    1200



    1085



    4



    1500



    1232



    5



    950



    718



    6



    1700



    1485



    7



    1650



    1136



    8



    935



    726



    9



    875



    700



    10



    1150



    956



    11



    1400



    1100



    12



    1650



    1285



    13



    2300



    1985



    14



    1800



    1369




    1. Do Normality Test and Linearity test, what did you find from these tests ? explain





Jun 08, 2022
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