Paper details: Do not do step 5, I will do step 5. Requirements and associated point values:
Part 1 – Provide summary statistics (with Excel Data Analysis) by calculating the mean and
standard deviation on the asking price, square footage, the number of bedrooms, the number
of bathrooms, and the lot size. Explain each factor’s mean and standard deviation. What does
each of these summary statistics tell us.
A total of ten calculations 4 points each for a total of 40 points.
Part 2 – Estimate and interpret a multiple regression model where the asking price is the
response variable and the other four factors are the explanatory variables.
The end result should be a Excel Regression Output. Also provide the estimate model equation: Price =
A total of 40 points will be assigned to Part 2.
Part 3 – Interpret the resulting coefficient of determination.
A total of 20 points will be assigned to Part 3.
Part 4 – Write your findings in thorough, concise, and well-written report form. For an example
review and refer to other reports throughout your textbook. There is at least one at the end of
each chapter. Please note you are expected to use proper statistical terminology when
appropriate but remember you are writing for a group who may not be as knowledgeable about
statistics as you are. You must be sure they can understand your findings whiaqwle also writing a
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