Word Problems: Probability #3

 As a Realtor, you wonder how much influence Age (in decades) has on selling prices of Houses (in $50,000s).

Age         House
   6             11
   4               2
   5               5
   9               9
   4               8
   2               1

What is the SS for Age: ________

What is the population variance of Age: _______

What is the range of Age: _______

What is the SS for House: ________

What is the SSxy: ________

Perform the following calculations:

                     SS        df          ms
Regression   ____    ____    ____
Error           ____    ____     ____
TOTAL       ____    ____

What is the F for this test:

Does age have a significant impact on house price?

Answers