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Thread: Assignment

  1. #1
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    Assignment




    Please may you help me answer the question, I'm stuck. Thanx!!

    A property analyst is examining the relationship between the City council’s valuation on residential property and the actual market value (selling price). A random sample of 8 recent property transactions was examined. The data are as follows:
    City Council Value ($1000) 12 45 32 50 28 56 18 40
    Market Value ($1000) 65 220 142 310 196 364 116 260

    a) Determine the independent and dependent variables
    b) Assuming a linear model. Y=a+bX, formulate the prediction equation for the data given
    c) Construct the analysis of variance table
    d) Test the hypothesis H0: b=0 using a significance level α=5%

  2. #2
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    Re: Assignment

    waiting for some one to answer

  3. #3
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    Re: Assignment


    Usually these kinds of problems violate the TS homework policy - OP merely posted the entire question without showing any effort yet. So that's why they are easily being ignored - esp in sub forum without high hit rate. Some TSer will remind OP to improve the post by showing their effort first, and ask a more specific question.

    So there is no need to push this question up, and in fact, this question is really standard in regression context. You may still ask this question, provided that you show some of your effort first and let us know you are struggle at which part.

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