BAN 122 Project 2

Assign the values 1, 2, 3, 26 to A, B, C, Z respectively.

A (1) B (2) C (3) D (4) E (5) F(6) G(7) H (8) I (9) J (10) K (11) L (12) M
(13) N (14 (1) O(15) P(16) Q (17) R (18) S (19) T (20) U(21) V(22 ) W
(23) X (24) Y (25) Z(26)

Find the value of (F+L) *1000, where F is the first letter of your first name and L is
the last letter of your first name.
ADD this number to each number in the Sale Price column. Label the new Sale Price
Column as FLY.
Example: My first name- MAHESH
I will use M for F, H for L
M=13. H=8. So I will add 21,000 to each value in sale price column and label the
revised sale prices as MHY.
FLY = New Sale Price ($), X1= No. Apartments, X2= Age of Structure, X3= Lot Size
X4= No. of Parking Spaces, X5= Gross Building Ares( sq. ft.)
a. Analyze the data, using FLY as the dependent variable and X1, X2, X3, X4, X5
as independent variables.

i.

Is the fitted model useful? Use =0.5

j.

ii.. Which terms in the model are useful ? Use =0.05

b. Analyze the same data, using FLY as the dependent variable and X1, X2, X3,
X4, X5 and condition as independent variables. Is this model better than the
first model for predicting sale price? Use 5% level of significance.

Project 2 Data

Sale
Building
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

Price
90300
38400
0
15750
0
67620
0
16500
0
30000
0
10875
0
27653
8
42000
0
95000
0
56000
0
26800
0
29000
0
17320
0
32365
0
16250
0
35350
0
13440
0
18700

Number of
Apartment
s
4

Age of
Structur
e
82

20

Lot
Size
4365

Number of
Parking
Spaces
0

Gross
Building
area
4266

Building

13

17798

14391

66

5913

6615

26

64

7750

34144

55

5150

6120

10

65

12506

14552

82

7160

3040

11

23

5120

7881

20

18

11745

20

12600

62

71

21000

39448

26

74

11221

30000

13

56

7818

13

8088

76

4900

11315

21

5424

4461

11

24

11834

9000

19

5246

3828

20

62

11223

13680

4
8

70
19

5834
9075

0
0

4680
7392

E
G

Condition
F

20
21
22
23
24
25

0
15570
0
93600
11000
0
57320
0
79300
27200
0
F
Fair

4
4

57
82

5280
6864

0
0

6030
3840

E
F

50

4510

3092

14
4

10
82

11192
7425

0
0

23704
3876

E
F

82

7500
Good
E

9542
Excellent