Be on time or before

NAME _______________________________SUMMARY SHEET GSB 519 – Assignment 10
a. Paste a histogram of Sales Price here. Is it roughly normally distributed? _________
b. Paste a histogram of square feet. Is it roughly normally distributed? _________
c. How many observations are in Chicago? ____________
d. How many observations have 2 bedrooms? ____________
e. How many observations have 3 bathrooms? _____________
f. The average sales price per town is: Chicago ________ and Skokie _________. Does there
appear to be a difference? __________
g. The average sales price per year is:
2006 _______________
2007 _______________
2008 _______________
2009 _______________
2010 _______________
Is it linear and constant? ______________
If you keep the variable as a continuous variable, what year would it be if you tried to interpret the
y-intercept? Hint: Remember the y-intercept value is the value of y when all x’s are zero.
The year would be ____________ .
h. The average sales price per bedroom is:
1 Bed ____________
2 Bed ____________
3 Bed ____________
4 Bed ____________
Use the number of bedrooms i.e., 1,2,3,4 and the average sales price per bedroom you just found
and create a scatter plot of the two.
Paste your scatter plot here:
i. My regression equation is:
the variables I use are:
j. If you created any dummy variables, tell me what you created and why.
1. You are the owner of a company that advises people on the value of their homes (or homes
they wish to purchase). Your goal is to give the best possible evaluation to your clients. You have a
dataset with real sale prices of houses in both Chicago and Skokie. Variables you have are: the
number of bathrooms, the number of bedrooms, area in square feet, town, year sold, and the
price sold for.
a. Create a histogram of Sales Price. Is it roughly normally distributed?
b. Create a histogram of square feet. Is it roughly normally distributed?
(Hint: using pivot tables might help for the next questions.)
c. How many observations are in Chicago?
d. How many observations have 2 bedrooms?
e. How many observations have 3 bathrooms?
f. What is the average sales price per town? Does there appear to be a difference?
g. What is the average sales price per year? Is it linear and constant? If you keep the variable as a
continuous variable, what year would it be if you tried to interpret the y-intercept. Hint:
Remember the y-intercept value is the value of y when all x’s are zero.
h. What is the average sales price per bedroom? Use the number of bedrooms i.e., 1,2,3,4 and the
average sales price per bedroom you just found and create a scatter plot of the two.
i. Come up with your own regression equation for sale price. List all the variables that you included
in the regression and why you chose to do so.
j. If you created any dummy variables, tell me what you created and why.
GOOD LUCK!
sale_price town
393455.3 Chicago
319191.4 Skokie
315257.1 Chicago
355385.4 Chicago
326964 Skokie
321585.1 Chicago
257535.4 Skokie
312754.8 Skokie
272425.5 Skokie
262610.5 Skokie
321410.2 Skokie
353108.6 Chicago
358965.8 Chicago
366705.9 Chicago
301064.4 Skokie
398545.1 Chicago
395206.3 Chicago
327181 Skokie
316228.7 Skokie
353810.3 Chicago
352529.8 Chicago
325029 Skokie
354637.4 Chicago
357589.7 Chicago
353654.4 Skokie
312419 Chicago
323917.1 Chicago
295383.9 Skokie
266842.8 Skokie
306534.1 Skokie
303333.5 Skokie
321516 Skokie
338224.3 Skokie
266678.5 Skokie
351144.9 Skokie
306772.1 Skokie
326047.8 Skokie
262268.8 Skokie
369844.6 Chicago
315280.5 Skokie
398247.2 Chicago
346583.8 Chicago
260767 Skokie
336965.5 Chicago
313859.2 Skokie
334466.3 Chicago
bedrooms baths
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year
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1
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2006
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2006
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2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
square_feet
1959.575
2228.276
1578.069
2249.92
1906.585
1902.454
1916.195
1665.126
1881.362
1890.231
2073.689
1610.548
2176.311
2277.069
1580.326
2048.206
1664.275
2136.703
1742.596
2135.883
1583.005
1991.988
1864.739
1657.357
2109.218
1894.462
1709.127
1708.594
1915.116
1836.064
1934.449
1741.226
1645.154
1808.816
2171.996
2199.588
1865.817
2100.004
2114.363
2355.055
1892.289
2412.071
1750.781
1817.091
2035.933
2281.282
354818.5 Chicago
355733.1 Chicago
373809.3 Chicago
349344.1 Chicago
392894.7 Chicago
362159.1 Chicago
316673.5 Chicago
347129.4 Chicago
321265.3 Skokie
372803.5 Chicago
361958.9 Chicago
286028.3 Skokie
362667.5 Chicago
331174.3 Chicago
370522 Chicago
308189.9 Chicago
346339.8 Chicago
308773.7 Skokie
392923.4 Chicago
350431 Chicago
322613.3 Chicago
349939.7 Chicago
300097.2 Skokie
353221.7 Chicago
270876.5 Skokie
343958.4 Skokie
310902 Chicago
346986.3 Chicago
329078.3 Chicago
281727.5 Skokie
308851 Skokie
300558.5 Skokie
348455.9 Skokie
286087.6 Skokie
265923.3 Skokie
305769.8 Skokie
342042.8 Skokie
346145.4 Skokie
352761 Chicago
318776.5 Skokie
266780.5 Skokie
302430.1 Skokie
395573.3 Chicago
273667.2 Skokie
262372.7 Skokie
311602.9 Chicago
270529.5 Skokie
2
2
4
2
3
3
1
4
4
4
3
3
3
3
4
1
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2006
2006
2006
2006
2006
2006
2006
1594.005
1718.71
2070.772
2243.883
1833.805
1744.497
2002.114
2307.375
1978.466
2004.077
1976.265
1665.63
2319.426
2314.522
2259.699
2000.9
2239.745
2190.206
2348.281
1980.481
1716.803
1999.725
1960.052
2240.728
2038.277
2165.907
1975.232
1756.002
1717.124
1717.369
2191.577
1570.154
1854.253
1805.429
1917.845
1586.943
1890.138
1689.378
1747.136
2187.65
1962.771
1674.663
1736.789
2309.337
1789.207
2220.715
1781.046
364234.1 Chicago
368760 Chicago
368600.1 Chicago
341194.6 Skokie
301489.3 Skokie
313072.6 Chicago
301446 Skokie
248970.2 Skokie
308518.8 Skokie
268967.3 Skokie
311612 Chicago
289198.2 Skokie
351687.5 Chicago
307294.9 Chicago
322380.2 Chicago
310562.3 Chicago
331481.7 Skokie
311391.4 Chicago
322348.5 Chicago
249904.8 Skokie
381722.8 Chicago
346918.4 Skokie
288400.6 Skokie
311599.8 Skokie
290556.2 Skokie
289498.4 Skokie
277574.5 Skokie
295884.1 Skokie
303943.1 Skokie
333662 Skokie
318307.4 Chicago
343068.1 Chicago
299033.5 Skokie
328330.9 Chicago
300731.2 Chicago
341673.7 Chicago
352712 Chicago
248418.6 Skokie
357503.8 Chicago
345561.6 Chicago
258341.3 Skokie
347563.1 Chicago
293875.2 Skokie
290751.7 Skokie
252277.1 Skokie
327196.6 Chicago
346769.6 Chicago
3
4
3
3
2
1
2
1
4
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1
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2007
2007
1889.979
2124.464
2261.313
2191.282
1777.768
1913.066
1879.834
2079.398
1797.613
2049.261
2121.436
1959.088
2158.074
2192.264
2073.97
1745.766
1966.625
1748.604
1642.32
1751.226
1798.177
2002.83
1609.079
1718.585
2147.253
2173.033
1702.129
2077.066
2199.58
2254.644
1984.62
2208.231
1977.915
2050.894
2218.197
1664.117
1890.081
1782.785
1943.582
1700.906
2148.226
2279.665
1587.745
1915.971
2047.711
1941.02
2101.038
1
340470.2 Chicago
285092.6 Skokie
251074.5 Skokie
265885.6 Skokie
303076.9 Skokie
397216.2 Chicago
247284 Skokie
379007.7 Chicago
334396.3 Skokie
292864.3 Skokie
302040.8 Chicago
291250.8 Skokie
340508.2 Chicago
304052.7 Skokie
354676.2 Chicago
355756.8 Chicago
352308.9 Chicago
341895.6 Chicago
316676.2 Skokie
293006.9 Skokie
359103.2 Chicago
352711 Chicago
270611 Skokie
290590.9 Skokie
300166.3 Chicago
294277.4 Skokie
357623.9 Chicago
304082.8 Chicago
308804.2 Skokie
296621.5 Chicago
348625.1 Chicago
257326 Skokie
379665 Chicago
357182.9 Chicago
294084.1 Skokie
302491.6 Chicago
305146.2 Skokie
340154.2 Chicago
264090.2 Skokie
326779.5 Chicago
288211.3 Skokie
316700.8 Skokie
354812.5 Chicago
341866.1 Skokie
309588.4 Chicago
383840.8 Chicago
254903 Skokie
2
4
1
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4
1
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2
1
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1
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2007
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2007
2007
1789.807
1940.111
1919.663
1793.372
1677.823
1880.834
1704.163
1915.53
2235.415
1580.82
1906.25
2276.633
2009.062
1934.563
2219.181
1675.611
1890.768
2182.307
1764.362
1989.883
2035.62
1966.866
1892.362
1771.366
1680.303
1824.418
2057.159
1707.084
2304.211
1565.86
2195.011
2068.739
1754.959
2338.763
2108.822
1850.105
2236.934
1625.795
2288.765
1803.595
1799.995
2331.534
1845.729
2170.765
2159.67
1640.052
2003.471
254271.5 Skokie
298655.6 Skokie
324415.1 Chicago
300447.7 Skokie
292266.9 Skokie
306126.6 Chicago
353039.8 Chicago
336163.2 Chicago
326286.1 Chicago
354395.1 Chicago
293212.4 Skokie
286445.8 Skokie
338890 Chicago
363644.7 Chicago
287087 Skokie
323601.3 Chicago
345555.9 Chicago
332641.7 Chicago
286046.3 Skokie
287815.2 Chicago
331153.9 Chicago
254983.8 Skokie
272656.6 Skokie
239569.2 Skokie
328551.2 Chicago
342443 Chicago
319805.3 Chicago
287436.9 Chicago
273694.6 Skokie
255674.8 Skokie
317620.9 Chicago
299402.4 Chicago
311676 Skokie
299147.2 Skokie
332871.4 Chicago
281416.6 Chicago
256213.6 Skokie
277673.4 Skokie
314145.8 Skokie
240681.3 Skokie
285345.5 Chicago
274148.4 Skokie
298468.3 Chicago
281688.3 Chicago
276752.9 Skokie
320008.8 Chicago
335981.1 Chicago
1
2
3
3
2
1
3
4
3
3
2
2
2
3
3
2
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1
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2007
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2008
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2008
2008
2008
2008
2008
1816.249
2273.252
2016.356
1919.563
2231.9
1772.235
1641.818
1763.678
2244.973
2241.534
1606.147
1688.876
1567.769
1899.26
2184.413
1866.918
2050.572
1941.757
1720.786
2169.515
1686.456
1959.241
1629.816
2304.909
2158.898
1975.968
2111.236
1643.945
2287.875
1918.653
1853.178
2012.532
2361.231
2361.605
1938.876
1924.729
2283.341
2297.806
2161.491
2179.732
2057.068
2281.639
2173.435
2245.149
2124.373
2042.595
1979.606
321857.9 Chicago
308270.7 Skokie
344522.7 Chicago
323533.7 Chicago
239771.6 Skokie
302732.9 Chicago
319465.3 Chicago
281848.4 Chicago
332208 Chicago
319904.1 Chicago
343259.7 Chicago
286917.4 Skokie
288144.8 Skokie
286587.4 Skokie
340408 Chicago
333077.3 Chicago
237047.5 Skokie
245297.8 Skokie
231576.8 Skokie
312542.6 Skokie
303261.9 Chicago
256722.3 Skokie
328176.5 Chicago
234800.7 Skokie
316597.6 Skokie
310196.9 Chicago
290546.7 Chicago
311096.1 Skokie
330560 Chicago
316038.8 Skokie
297179.7 Chicago
257530.8 Skokie
316466.3 Chicago
233762.8 Skokie
279719.7 Chicago
253964.6 Skokie
234632.5 Skokie
314421.9 Chicago
261549.2 Skokie
287285.3 Skokie
262311.9 Skokie
236260.5 Skokie
230180.9 Skokie
271885.4 Skokie
257943.7 Skokie
277293 Chicago
245503.1 Skokie
2
3
4
2
2
3
2
1
3
2
4
3
3
3
4
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1
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2008
2014.616
1912.862
2377.561
2001.199
1845.227
2009.235
2045.089
2018.232
2300.538
1816.235
1868.268
1943.62
2123.734
2001.093
1884.614
1978.761
1905.703
1754.872
1798.327
2062.897
2221.303
2094.886
1848.482
1856.677
2346.602
2338.101
2037.517
1963.414
1758.942
2293.596
2092.81
1934.494
1580.529
1681.799
2228.41
2004.509
2126.423
1966.758
2160.105
1983.818
2392.159
2031.062
1885.28
1862.724
2261.432
1713.063
1773.192
308180.7 Skokie
292017.9 Skokie
284930.8 Skokie
347635.1 Chicago
261314.3 Skokie
233316.9 Skokie
318541.5 Chicago
242644.8 Skokie
324721.2 Chicago
276734.3 Skokie
320742.1 Chicago
282580.2 Skokie
321348.2 Chicago
364969.8 Chicago
289066 Chicago
284171.3 Chicago
300554.8 Chicago
288502.5 Chicago
230545.2 Skokie
248398.3 Skokie
298243.9 Skokie
302118.3 Chicago
251460.1 Skokie
295468.6 Skokie
303301.8 Skokie
271301.8 Skokie
296165.2 Chicago
258031.6 Skokie
284229.9 Skokie
347573.4 Chicago
290481.6 Skokie
294051 Skokie
305796 Skokie
274402.1 Skokie
383837.6 Chicago
296470.2 Skokie
311338.5 Skokie
364498.6 Chicago
292882.8 Skokie
344788 Chicago
270563.9 Skokie
316879.8 Chicago
337031.1 Chicago
345342.1 Chicago
258348.5 Skokie
384274.1 Chicago
381693.3 Chicago
3
4
3
4
4
1
2
2
2
3
2
3
2
3
2
1
3
2
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2008
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2009
2009
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2009
2009
2009
2009
2009
2009
2009
2009
1665.766
1796.662
2288.11
2017.941
2183.846
1694.308
1794.505
1847.138
1764.196
1748.995
2103.454
2188.756
1923.649
2344.604
2258.741
1688.952
1987.099
1805.769
1938.886
2069.53
2276.272
2011.397
1561.744
1802.599
2269.497
2238.134
1592.387
2154.118
1737.57
2003.543
1966.784
2005.598
1776.767
1853.8
1996.543
2051.899
1682.084
2110.2
1991.539
2018.667
1890.447
2185.818
1638.865
1698.068
1963.484
1943.705
1628.595
326894.8 Chicago
343500.7 Chicago
287262.9 Skokie
306287.4 Chicago
295338.8 Skokie
260026.3 Skokie
303209.8 Skokie
340692.2 Chicago
320703.6 Chicago
266121.7 Skokie
391761.4 Chicago
286355.1 Skokie
352209.8 Chicago
307199.5 Skokie
360940.3 Chicago
338052.3 Skokie
306843 Skokie
334536.7 Skokie
252875.3 Skokie
386215.6 Chicago
291113.3 Skokie
276880.8 Skokie
255198 Skokie
341087.2 Chicago
264347.5 Skokie
359262.8 Chicago
392201.2 Chicago
304892 Chicago
295216.7 Skokie
305234.3 Skokie
306919.4 Chicago
298427.5 Skokie
305426.4 Skokie
301155.7 Chicago
333380.3 Chicago
327685.3 Skokie
305637.9 Chicago
305491.2 Chicago
285042.8 Skokie
317486.9 Chicago
389263.9 Chicago
302811.3 Chicago
340847.9 Chicago
343660.9 Skokie
310863.3 Chicago
350087.8 Chicago
256055.1 Skokie
3
2
2
1
2
2
3
2
3
2
4
4
3
3
4
3
3
3
1
3
2
3
1
2
2
4
4
1
2
3
1
2
3
1
4
3
1
1
4
3
3
1
2
4
2
3
1
1
2
2
1
2
1
2
2
1
1
3
1
2
2
2
3
2
3
1
3
2
1
1
2
1
2
3
1
2
2
1
2
2
1
1
3
1
1
1
1
3
1
2
3
1
2
1
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2000.899
1766.697
1708.223
2127.934
1779.965
1726.231
1747.855
2060.153
2301.736
2259.944
2166.48
2186.888
2304.738
2287.667
1917.315
2142.312
1780.127
2043.418
2172.767
2317.856
1881.638
2072.948
1732.889
1901.199
2285.788
1989.55
2003.831
2188.521
1987.3
2330.555
1862.579
2157.239
2316.019
1998.787
2060.832
1873.849
1731.733
1818.577
2207.49
1779.634
2344.576
2172.547
1825.759
2147.586
1710.865
2042.062
2210.025
301211.1 Skokie
301348.3 Skokie
315027.1 Skokie
346071.9 Skokie
367315.4 Chicago
384855 Chicago
323786.5 Chicago
282922.2 Skokie
296475.8 Skokie
395435.1 Chicago
349092 Chicago
355752.9 Chicago
301774.6 Chicago
379284.4 Chicago
394194.8 Chicago
342107.6 Chicago
311826.7 Skokie
335792.7 Skokie
382875.9 Chicago
261791 Skokie
291161.1 Skokie
298801.1 Chicago
341906.2 Chicago
337510.4 Chicago
344304.6 Chicago
318305.4 Chicago
374123 Chicago
332033.8 Chicago
358829.1 Chicago
372010 Chicago
335214.5 Chicago
304261.3 Skokie
318126.8 Skokie
346564 Chicago
325451.1 Chicago
376171.7 Chicago
327366.8 Skokie
352230.7 Skokie
326798 Skokie
299649.3 Skokie
348389.7 Chicago
309880 Skokie
278253.2 Skokie
293303 Skokie
410664 Chicago
325772.7 Skokie
271141.6 Skokie
3
3
4
4
4
3
3
4
2
4
3
3
1
3
4
2
4
3
3
2
2
1
2
2
2
1
3
2
2
3
2
4
2
3
1
3
3
3
3
4
3
2
1
3
4
3
1
2
2
2
3
2
3
1
1
2
3
2
2
1
3
3
2
2
3
3
1
2
1
2
2
2
1
2
1
2
2
1
1
2
1
1
2
2
3
2
1
1
2
1
1
3
2
1
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2009
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2158.794
1966.533
2375.829
1742.026
2040.535
1929.8
2305.266
1765.329
1799.291
1886.479
1833.478
2166.2
2224.381
1813.858
2103.861
1574.761
1842.489
1881.909
1979.845
1664.295
1599.687
1935.628
1894.242
1879.514
2111.2
1656.561
2279.284
1787.129
2153.523
1939.032
2239.573
1980.939
2189.888
1919.424
1667.196
1738.394
2031.605
1691.656
1938.425
1776.852
2341.938
1687.046
2082.956
1871.483
1920.968
1727.42
2218.658
404361.1 Chicago
290546.4 Skokie
375364.3 Chicago
336395.3 Skokie
309447.9 Skokie
337447 Chicago
313039.3 Skokie
375295.9 Chicago
311252.5 Skokie
380318.2 Chicago
292101 Skokie
273441 Skokie
318078.8 Skokie
327870.7 Chicago
347614.3 Chicago
314146.5 Skokie
311872 Skokie
242007.9 Skokie
365963.9 Chicago
322267.8 Chicago
310368.8 Skokie
367596.2 Chicago
356280.7 Skokie
326235.2 Skokie
319719.9 Chicago
327102.2 Chicago
401979.5 Chicago
316496.6 Skokie
334348.9 Skokie
301585.4 Skokie
329280.4 Chicago
326913 Chicago
325848.8 Skokie
287437.3 Skokie
364928.4 Chicago
328636.6 Chicago
315153.4 Skokie
379556.1 Chicago
373385.3 Chicago
360816.3 Chicago
318537.2 Skokie
342519.8 Chicago
387925.1 Chicago
365481.5 Chicago
268364.5 Skokie
407437.3 Chicago
325616.9 Skokie
3
3
3
4
2
2
2
3
2
4
3
1
3
1
3
2
2
2
2
1
2
2
3
3
1
2
3
2
4
4
2
1
3
2
2
1
2
4
3
2
3
3
4
2
1
3
3
3
1
2
2
2
1
2
2
2
2
1
1
2
1
1
2
2
1
2
1
2
2
3
2
1
1
3
2
2
1
1
1
2
1
2
1
2
2
2
2
2
1
2
2
1
3
2
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
1977.242
1957.084
1657.248
1842.223
2203.87
2132.665
2121.561
2318.141
1604.669
1794.114
2247.067
1987.223
1906.714
2097.839
2273.424
2224.636
1610.494
1571.631
1669.751
1835.841
1897.601
1965.249
1714.146
1782.434
1691.427
1622.117
1709.102
2109.771
1851.388
2209.522
2033.986
1974.476
1876.963
1918.14
1865.407
2227.099
2231.438
2261.125
1822.074
1975.298
2048.529
2258.543
2082.802
1765.027
1673.064
2230.703
2211.356
313580 Skokie
323706.6 Skokie
352430.6 Skokie
297617.4 Skokie
352750.3 Skokie
345652.9 Chicago
295173.2 Skokie
365724.1 Chicago
287876.2 Skokie
312773.6 Skokie
306862.7 Skokie
339957.8 Chicago
272395.3 Skokie
330777.3 Skokie
382839.6 Chicago
319227.8 Skokie
386599.2 Chicago
364193.3 Chicago
369948.3 Chicago
345723.8 Chicago
365062 Chicago
358546.9 Chicago
315953.8 Chicago
371342.8 Chicago
325957.5 Chicago
364997.3 Skokie
326668.9 Chicago
306287.3 Skokie
277831.1 Skokie
330439.6 Skokie
375818.8 Chicago
2
3
3
4
3
3
3
2
2
2
4
3
1
4
4
3
4
2
3
3
2
2
1
3
1
4
2
4
2
4
3
2
2
3
1
3
1
1
2
1
2
1
1
1
2
2
2
2
2
2
1
2
2
1
2
1
3
1
1
1
2
2
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2169.487
2117.553
1979.241
1840.111
2272.255
1939.546
1859.962
1647.194
2262.329
2083.768
2033.673
2357.713
2032.981
1911.513
2237.331
1680.714
1899.379
2256.669
2119.105
1902.055
1805.347
2045.462
1556.315
1765.498
1634.19
1713.023
1706.526
2267.28
1778.631
1710.205
1655.429