Description
True/False: The regression residual e(i) is computed as e(i) = Y-hat(i) – Y(i).
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I think it is False
The regression residual is computed as follows
ei = yi − ( axi+b).
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SNHU Selling Price and Area Analysis for DM Pan National Real Estate Company
OverviewRecall that samples are used to generate a statistic, which businesses use to estimate the population parameter. Y ...
SNHU Selling Price and Area Analysis for DM Pan National Real Estate Company
OverviewRecall that samples are used to generate a statistic, which businesses use to estimate the population parameter. You have learned how to take samples from populations and use them to produce statistics. For two quantitative variables, businesses can use scatterplots and the correlation coefficient to explore a potential linear relationship. Furthermore, they can quantify the relationship in a regression equation.PromptThis assignment picks up where the Module Two assignment left off and will use components of that assignment as a foundation.You have submitted your initial analysis to the sales team at D.M. Pan Real Estate Company. You will continue your analysis of the provided Real Estate County Data spreadsheet using your selected region to complete your analysis. You may refer back to the initial report you developed in the Module Two Assignment Template to continue the work. This document and the National Statistics and Graphs spreadsheet will support your work on the assignment.Note: In the report you prepare for the sales team, the dependent, or response, variable (y) should be the median listing price and the independent, or predictor, variable (x) should be the median square feet.Using the Module Three Assignment Template, specifically address the following:Regression Equation: Provide the regression equation for the line of best fit using the scatterplot from the Module Two assignment.Determine r: Determine r and what it means. (What is the relationship between the variables?)Determine the strength of the correlation (weak, moderate, or strong).Discuss how you determine the direction of the association between the two variables.Is there a positive or negative association?What do you see as the direction of the correlation?Examine the Slope and Intercepts: Examine the slope b1{"version":"1.1","math":"b1"} and intercept b0{"version":"1.1","math":"b0"}.Draw conclusions from the slope and intercept in the context of this problem.Does the intercept make sense based on your observation of the line of best fit?Determine the value of the land only.Note: You can assume, when the square footage of the house is zero, that the price is the value of just the land. This happens when x=0, which is the y-intercept.Determine the R-squared Coefficient: Determine the R-squared value.Discuss what R-squared means in the context of this analysis.Conclusions: Reflect on the Relationship: Reflect on the relationship between square feet and sales price by answering the following questions:Is the square footage for homes in your selected region different than for homes overall in the United States?For every 100 square feet, how much does the price go up (i.e., can you use slope to help identify price changes)?Use the regression equation to estimate how much you would list your house for if it was 1,200 square feet.What square footage range would the graph be best used for?Guidelines for SubmissionSubmit your completed Module Three Assignment Template as a Word document that includes your response and supCompetenciesIn this project, you will demonstrate your mastery of the following competencies:Apply statistical techniques to address research problemsPerform regression analysis to address an authentic problemOverviewThe purpose of this project is to have you complete all of the steps of a real-world linear regression research project starting with developing a research question, then completing a comprehensive statistical analysis, and ending with summarizing your research conclusions.ScenarioYou have been hired by the D. M. Pan National Real Estate Company to develop a model to predict median housing prices for homes sold in 2019. The CEO of D. M. Pan wants to use this information to help their real estate agents better determine the use of square footage as a benchmark for listing prices on homes. Your task is to provide a report predicting the median housing prices based square footage. To complete this task, use the provided real estate data set for all U.S. home sales as well as national descriptive statistics and graphs provided.DirectionsUsing the Project One Template located in the What to Submit section, generate a report including your tables and graphs to determine if the square footage of a house is a good indicator for what the listing price should be. Reference the National Statistics and Graphs document for national comparisons and the Real Estate County Data spreadsheet (both found in the Supporting Materials section) for your statistical analysis.Note: Present your data in a clearly labeled table and using clearly labeled graphs.Specifically, include the following in your report:IntroductionDescribe the report: Give a brief description of the purpose of your report.Define the question your report is trying to answer.Explain when using linear regression is most appropriate.When using linear regression, what would you expect the scatterplot to look like?Explain the difference between response and predictor variables in a linear regression to justify the selection of variables.Data CollectionSampling the data: Select a random sample of 50 counties.Identify your response and predictor variables.Scatterplot: Create a scatterplot of your response and predictor variables to ensure they are appropriate for developing a linear model.Data AnalysisHistogram: For your two variables, create histograms.Summary statistics: For your two variables, create a table to show the mean, median, and standard deviation.Interpret the graphs and statistics:Based on your graphs and sample statistics, interpret the center, spread, shape, and any unusual characteristic (outliers, gaps, etc.) for the two variables.Compare and contrast the shape, center, spread, and any unusual characteristic for your sample of house sales with the national population. Is your sample representative of national housing market sales?Develop Your Regression ModelScatterplot: Provide a graph of the scatterplot of the data with a line of best fit.Explain if a regression model is appropriate to develop based on your scatterplot.Discuss associations: Based on the scatterplot, discuss the association (direction, strength, form) in the context of your model.Identify any possible outliers or influential points and discuss their effect on the correlation.Discuss keeping or removing outlier data points and what impact your decision would have on your model.Find r: Find the correlation coefficient (r).Explain how the r value you calculated supports what you noticed in your scatterplot.Determine the Line of Best Fit. Clearly define your variables. Find and interpret the regression equation. Assess the strength of the model.Regression equation: Write the regression equation (i.e., line of best fit) and clearly define your variables.Interpret regression equation: Interpret the slope and intercept in context.Strength of the equation: Provide and interpret R-squared.Determine the strength of the linear regression equation you developed.Use regression equation to make predictions: Use your regression equation to predict how much you should list your home for based on the square footage of your home.ConclusionsSummarize findings: In one paragraph, summarize your findings in clear and concise plain language for the CEO to understand. Summarize your results.Did you see the results you expected, or was anything different from your expectations or experiences?What changes could support different results, or help to solve a different problem?Provide at least one question that would be interesting for follow-up research.What to SubmitTo complete this project, you must submit the following:Project One Template: Use this template to structure your report, and submit the finished version as a Word document.Supporting MaterialsThe following resources may help support your work on the project:Document: National Statistics and GraphsUse this data for input in your project report.Spreadsheet: Real Estate County DataUse this data for input in your project report.porting charts/graphs. The following resources support your work on this assignment:
Find the scale ratio for the map described below, assignment help
Find the scale ratio for the map described below.1 cm (map)=50 km (actual)The scale ratio is 1 to .
Find the scale ratio for the map described below, assignment help
Find the scale ratio for the map described below.1 cm (map)=50 km (actual)The scale ratio is 1 to .
STA 3215 Rasmussen College Normal Distribution Questions
CompetencyDemonstrate the use of the normal distribution, the standard normal distribution, and the central limit theorem ...
STA 3215 Rasmussen College Normal Distribution Questions
CompetencyDemonstrate the use of the normal distribution, the standard normal distribution, and the central limit theorem for calculating areas under the normal curve and exploring these concepts in real life applications.ScenarioFrank has only had a brief introduction to statistics when he was in high school 12 years ago, and that did not cover inferential statistics. He is not confident in his ability to answer some of the problems posed in the course.As Frank's tutor, you need to provide Frank with guidance and instruction on a worksheet he has partially filled out. Your job is to help him understand and comprehend the material. You should not simply be providing him with an answer as this will not help when it comes time to take the test. Instead, you will be providing a step-by-step breakdown of the problems including an explanation on why you did each step and using proper terminology.What to SubmitTo complete this assignment, you must first complete the attached word document, and then complete it by including the following items on the worksheet:Incorrect AnswersCorrect any wrong answers. You must also explain the error performed in the problem in your own words.Partially Finished WorkComplete any partially completed work. Make sure to provide step-by-step instructions including explanations.Blank QuestionsShow how to complete any blank questions by providing step-by-step instructions including explanations.Your step-by-step breakdown of the problems, including explanations, should be present within the word document provided. You must also include an Excel workbook which shows all your calculations performed.
MTH122 (MOD3 Critical Thinking APA Format 4-5 pages, and cited references
Module 3: Critical Thinking
Critical Thinking Assignment (85 Points)Choose one of the following two a ...
MTH122 (MOD3 Critical Thinking APA Format 4-5 pages, and cited references
Module 3: Critical Thinking
Critical Thinking Assignment (85 Points)Choose one of the following two assignments to complete this week. Do
not do both assignments. Identify your assignment choice in the title
of your submission.Option #1: Fencing a Farmer’s FieldAs a farmer, suppose you want to fence off a rectangular field that
borders a river. You wish to find out the dimensions of the field that
occupies the largest area, if you have 1500 feet of fencing. Remember
that a square maximizes area, so use a square in your work.Draw several diagrams to express the situation and calculate the
area for each configuration, then estimate the dimension of largest
possible field.Find the function that models the area in terms of one of its sides.Find the point that maximizes the function you found in the second bulleted item.Calculate the area of the field at the point you found in the third
bulleted item, and then compare your results with the results in the
first bulleted item.Requirements:Paper must be written in 3rd person.Your paper should be 4-5 pages in length (counting the title page
and references page) and cite and integrate at least one credible
outside source. The CSU-Global Library (Links to an external site.) is a great place to find resources. Your textbook is a credible resource.Include a title page, introduction, body, conclusion, and a reference page.The introduction should describe or summarize the topic or problem.
It might discuss the importance of the topic or how it affects you or
society as a whole, or it might discuss or describe the unique
terminology associated with the topic.The body of your paper should answer the questions posed in the
problem. Explain how you approached and answered the question or solved
the problem, and, for each question, show all steps involved. Be sure
this is in paragraph format, not numbered answers like a homework
assignment.The conclusion should summarize your thoughts about what you have
determined from the data and your analysis, often with a broader
personal or societal perspective in mind. Nothing new should be
introduced in the conclusion that was not previously discussed in the
body paragraphs.Include any tables of data or calculations, calculated values,
and/or graphs associated with this problem in the body of your
assignment.Document formatting, citations, and style should conform to the CSU-Global Virtual Library CSU-Global Guide to Writing and APA: Introduction (Links to an external site.). A short summary containing much that you need to know about paper formatting, citations, and references is contained in the New Sample APA Paper (Links to an external site.). In addition, information in the CSU-Global Virtual Library (Links to an external site.)
under the Writing Center/APA Resources tab has many helpful areas
(Writing Center, Writing Tips, Template & Examples/Papers &
Essays, and others).
Option #2: Cost of Fencing a GardenAs a property owner, you want to fence a garden which is adjacent to a
road. The fencing of the side along the road must be stronger and cost
$5 per foot. The fencing on the other sides cost $3 per foot. The area
of garden is 2000 square feet. Remember that a square maximizes area, so
use a square in your work.Draw several diagrams to express the situation and calculate the
cost for each configuration, then estimate the dimension of minimum
cost.Find the function that represents the cost in terms of one of its sides.Using the graphing utility, graph this cost function.Find the dimension that minimizes the cost of fencing and compare your results in #1.Requirements:Paper must be written in 3rd person.Your paper should be 4-5 pages in length (counting the title page
and references page) and cite and integrate at least one credible
outside source. The CSU-Global Library (Links to an external site.) is a great place to find resources. Your textbook is a credible resource.Include a title page, introduction, body, conclusion, and a reference page.The introduction should describe or summarize the topic or problem.
It might discuss the importance of the topic or how it affects you or
society as a whole, or it might discuss or describe the unique
terminology associated with the topic.The body of your paper should answer the questions posed in the
problem. Explain how you approached and answered the question or solved
the problem, and, for each question, show all steps involved. Be sure
this is in paragraph format, not numbered answers like a homework
assignment.The conclusion should summarize your thoughts about what you have
determined from the data and your analysis, often with a broader
personal or societal perspective in mind. Nothing new should be
introduced in the conclusion that was not previously discussed in the
body paragraphs.Include any tables of data or calculations, calculated values,
and/or graphs associated with this problem in the body of your
assignment.Document formatting, citations, and style should conform to the CSU-Global Virtual Library CSU-Global Guide to Writing and APA: Introduction (Links to an external site.). A short summary containing much that you need to know about paper formatting, citations, and references is contained in the New Sample APA Paper (Links to an external site.). In addition, information in the CSU-Global Virtual Library (Links to an external site.)
under the Writing Center/APA Resources tab has many helpful areas
(Writing Center, Writing Tips, Template & Examples/Papers &
Essays, and others).
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SNHU Selling Price and Area Analysis for DM Pan National Real Estate Company
OverviewRecall that samples are used to generate a statistic, which businesses use to estimate the population parameter. Y ...
SNHU Selling Price and Area Analysis for DM Pan National Real Estate Company
OverviewRecall that samples are used to generate a statistic, which businesses use to estimate the population parameter. You have learned how to take samples from populations and use them to produce statistics. For two quantitative variables, businesses can use scatterplots and the correlation coefficient to explore a potential linear relationship. Furthermore, they can quantify the relationship in a regression equation.PromptThis assignment picks up where the Module Two assignment left off and will use components of that assignment as a foundation.You have submitted your initial analysis to the sales team at D.M. Pan Real Estate Company. You will continue your analysis of the provided Real Estate County Data spreadsheet using your selected region to complete your analysis. You may refer back to the initial report you developed in the Module Two Assignment Template to continue the work. This document and the National Statistics and Graphs spreadsheet will support your work on the assignment.Note: In the report you prepare for the sales team, the dependent, or response, variable (y) should be the median listing price and the independent, or predictor, variable (x) should be the median square feet.Using the Module Three Assignment Template, specifically address the following:Regression Equation: Provide the regression equation for the line of best fit using the scatterplot from the Module Two assignment.Determine r: Determine r and what it means. (What is the relationship between the variables?)Determine the strength of the correlation (weak, moderate, or strong).Discuss how you determine the direction of the association between the two variables.Is there a positive or negative association?What do you see as the direction of the correlation?Examine the Slope and Intercepts: Examine the slope b1{"version":"1.1","math":"b1"} and intercept b0{"version":"1.1","math":"b0"}.Draw conclusions from the slope and intercept in the context of this problem.Does the intercept make sense based on your observation of the line of best fit?Determine the value of the land only.Note: You can assume, when the square footage of the house is zero, that the price is the value of just the land. This happens when x=0, which is the y-intercept.Determine the R-squared Coefficient: Determine the R-squared value.Discuss what R-squared means in the context of this analysis.Conclusions: Reflect on the Relationship: Reflect on the relationship between square feet and sales price by answering the following questions:Is the square footage for homes in your selected region different than for homes overall in the United States?For every 100 square feet, how much does the price go up (i.e., can you use slope to help identify price changes)?Use the regression equation to estimate how much you would list your house for if it was 1,200 square feet.What square footage range would the graph be best used for?Guidelines for SubmissionSubmit your completed Module Three Assignment Template as a Word document that includes your response and supCompetenciesIn this project, you will demonstrate your mastery of the following competencies:Apply statistical techniques to address research problemsPerform regression analysis to address an authentic problemOverviewThe purpose of this project is to have you complete all of the steps of a real-world linear regression research project starting with developing a research question, then completing a comprehensive statistical analysis, and ending with summarizing your research conclusions.ScenarioYou have been hired by the D. M. Pan National Real Estate Company to develop a model to predict median housing prices for homes sold in 2019. The CEO of D. M. Pan wants to use this information to help their real estate agents better determine the use of square footage as a benchmark for listing prices on homes. Your task is to provide a report predicting the median housing prices based square footage. To complete this task, use the provided real estate data set for all U.S. home sales as well as national descriptive statistics and graphs provided.DirectionsUsing the Project One Template located in the What to Submit section, generate a report including your tables and graphs to determine if the square footage of a house is a good indicator for what the listing price should be. Reference the National Statistics and Graphs document for national comparisons and the Real Estate County Data spreadsheet (both found in the Supporting Materials section) for your statistical analysis.Note: Present your data in a clearly labeled table and using clearly labeled graphs.Specifically, include the following in your report:IntroductionDescribe the report: Give a brief description of the purpose of your report.Define the question your report is trying to answer.Explain when using linear regression is most appropriate.When using linear regression, what would you expect the scatterplot to look like?Explain the difference between response and predictor variables in a linear regression to justify the selection of variables.Data CollectionSampling the data: Select a random sample of 50 counties.Identify your response and predictor variables.Scatterplot: Create a scatterplot of your response and predictor variables to ensure they are appropriate for developing a linear model.Data AnalysisHistogram: For your two variables, create histograms.Summary statistics: For your two variables, create a table to show the mean, median, and standard deviation.Interpret the graphs and statistics:Based on your graphs and sample statistics, interpret the center, spread, shape, and any unusual characteristic (outliers, gaps, etc.) for the two variables.Compare and contrast the shape, center, spread, and any unusual characteristic for your sample of house sales with the national population. Is your sample representative of national housing market sales?Develop Your Regression ModelScatterplot: Provide a graph of the scatterplot of the data with a line of best fit.Explain if a regression model is appropriate to develop based on your scatterplot.Discuss associations: Based on the scatterplot, discuss the association (direction, strength, form) in the context of your model.Identify any possible outliers or influential points and discuss their effect on the correlation.Discuss keeping or removing outlier data points and what impact your decision would have on your model.Find r: Find the correlation coefficient (r).Explain how the r value you calculated supports what you noticed in your scatterplot.Determine the Line of Best Fit. Clearly define your variables. Find and interpret the regression equation. Assess the strength of the model.Regression equation: Write the regression equation (i.e., line of best fit) and clearly define your variables.Interpret regression equation: Interpret the slope and intercept in context.Strength of the equation: Provide and interpret R-squared.Determine the strength of the linear regression equation you developed.Use regression equation to make predictions: Use your regression equation to predict how much you should list your home for based on the square footage of your home.ConclusionsSummarize findings: In one paragraph, summarize your findings in clear and concise plain language for the CEO to understand. Summarize your results.Did you see the results you expected, or was anything different from your expectations or experiences?What changes could support different results, or help to solve a different problem?Provide at least one question that would be interesting for follow-up research.What to SubmitTo complete this project, you must submit the following:Project One Template: Use this template to structure your report, and submit the finished version as a Word document.Supporting MaterialsThe following resources may help support your work on the project:Document: National Statistics and GraphsUse this data for input in your project report.Spreadsheet: Real Estate County DataUse this data for input in your project report.porting charts/graphs. The following resources support your work on this assignment:
Find the scale ratio for the map described below, assignment help
Find the scale ratio for the map described below.1 cm (map)=50 km (actual)The scale ratio is 1 to .
Find the scale ratio for the map described below, assignment help
Find the scale ratio for the map described below.1 cm (map)=50 km (actual)The scale ratio is 1 to .
STA 3215 Rasmussen College Normal Distribution Questions
CompetencyDemonstrate the use of the normal distribution, the standard normal distribution, and the central limit theorem ...
STA 3215 Rasmussen College Normal Distribution Questions
CompetencyDemonstrate the use of the normal distribution, the standard normal distribution, and the central limit theorem for calculating areas under the normal curve and exploring these concepts in real life applications.ScenarioFrank has only had a brief introduction to statistics when he was in high school 12 years ago, and that did not cover inferential statistics. He is not confident in his ability to answer some of the problems posed in the course.As Frank's tutor, you need to provide Frank with guidance and instruction on a worksheet he has partially filled out. Your job is to help him understand and comprehend the material. You should not simply be providing him with an answer as this will not help when it comes time to take the test. Instead, you will be providing a step-by-step breakdown of the problems including an explanation on why you did each step and using proper terminology.What to SubmitTo complete this assignment, you must first complete the attached word document, and then complete it by including the following items on the worksheet:Incorrect AnswersCorrect any wrong answers. You must also explain the error performed in the problem in your own words.Partially Finished WorkComplete any partially completed work. Make sure to provide step-by-step instructions including explanations.Blank QuestionsShow how to complete any blank questions by providing step-by-step instructions including explanations.Your step-by-step breakdown of the problems, including explanations, should be present within the word document provided. You must also include an Excel workbook which shows all your calculations performed.
MTH122 (MOD3 Critical Thinking APA Format 4-5 pages, and cited references
Module 3: Critical Thinking
Critical Thinking Assignment (85 Points)Choose one of the following two a ...
MTH122 (MOD3 Critical Thinking APA Format 4-5 pages, and cited references
Module 3: Critical Thinking
Critical Thinking Assignment (85 Points)Choose one of the following two assignments to complete this week. Do
not do both assignments. Identify your assignment choice in the title
of your submission.Option #1: Fencing a Farmer’s FieldAs a farmer, suppose you want to fence off a rectangular field that
borders a river. You wish to find out the dimensions of the field that
occupies the largest area, if you have 1500 feet of fencing. Remember
that a square maximizes area, so use a square in your work.Draw several diagrams to express the situation and calculate the
area for each configuration, then estimate the dimension of largest
possible field.Find the function that models the area in terms of one of its sides.Find the point that maximizes the function you found in the second bulleted item.Calculate the area of the field at the point you found in the third
bulleted item, and then compare your results with the results in the
first bulleted item.Requirements:Paper must be written in 3rd person.Your paper should be 4-5 pages in length (counting the title page
and references page) and cite and integrate at least one credible
outside source. The CSU-Global Library (Links to an external site.) is a great place to find resources. Your textbook is a credible resource.Include a title page, introduction, body, conclusion, and a reference page.The introduction should describe or summarize the topic or problem.
It might discuss the importance of the topic or how it affects you or
society as a whole, or it might discuss or describe the unique
terminology associated with the topic.The body of your paper should answer the questions posed in the
problem. Explain how you approached and answered the question or solved
the problem, and, for each question, show all steps involved. Be sure
this is in paragraph format, not numbered answers like a homework
assignment.The conclusion should summarize your thoughts about what you have
determined from the data and your analysis, often with a broader
personal or societal perspective in mind. Nothing new should be
introduced in the conclusion that was not previously discussed in the
body paragraphs.Include any tables of data or calculations, calculated values,
and/or graphs associated with this problem in the body of your
assignment.Document formatting, citations, and style should conform to the CSU-Global Virtual Library CSU-Global Guide to Writing and APA: Introduction (Links to an external site.). A short summary containing much that you need to know about paper formatting, citations, and references is contained in the New Sample APA Paper (Links to an external site.). In addition, information in the CSU-Global Virtual Library (Links to an external site.)
under the Writing Center/APA Resources tab has many helpful areas
(Writing Center, Writing Tips, Template & Examples/Papers &
Essays, and others).
Option #2: Cost of Fencing a GardenAs a property owner, you want to fence a garden which is adjacent to a
road. The fencing of the side along the road must be stronger and cost
$5 per foot. The fencing on the other sides cost $3 per foot. The area
of garden is 2000 square feet. Remember that a square maximizes area, so
use a square in your work.Draw several diagrams to express the situation and calculate the
cost for each configuration, then estimate the dimension of minimum
cost.Find the function that represents the cost in terms of one of its sides.Using the graphing utility, graph this cost function.Find the dimension that minimizes the cost of fencing and compare your results in #1.Requirements:Paper must be written in 3rd person.Your paper should be 4-5 pages in length (counting the title page
and references page) and cite and integrate at least one credible
outside source. The CSU-Global Library (Links to an external site.) is a great place to find resources. Your textbook is a credible resource.Include a title page, introduction, body, conclusion, and a reference page.The introduction should describe or summarize the topic or problem.
It might discuss the importance of the topic or how it affects you or
society as a whole, or it might discuss or describe the unique
terminology associated with the topic.The body of your paper should answer the questions posed in the
problem. Explain how you approached and answered the question or solved
the problem, and, for each question, show all steps involved. Be sure
this is in paragraph format, not numbered answers like a homework
assignment.The conclusion should summarize your thoughts about what you have
determined from the data and your analysis, often with a broader
personal or societal perspective in mind. Nothing new should be
introduced in the conclusion that was not previously discussed in the
body paragraphs.Include any tables of data or calculations, calculated values,
and/or graphs associated with this problem in the body of your
assignment.Document formatting, citations, and style should conform to the CSU-Global Virtual Library CSU-Global Guide to Writing and APA: Introduction (Links to an external site.). A short summary containing much that you need to know about paper formatting, citations, and references is contained in the New Sample APA Paper (Links to an external site.). In addition, information in the CSU-Global Virtual Library (Links to an external site.)
under the Writing Center/APA Resources tab has many helpful areas
(Writing Center, Writing Tips, Template & Examples/Papers &
Essays, and others).
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