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MAT 240 Project One

This report analyzes housing data from 100 randomly selected properties sold by the D.M. Pan National Real Estate Company to predict selling prices based on property size. Descriptive statistics show that house sizes ranged from 1,327 to 3,945 square feet, with an average of 1,949 square feet. A regression model found a moderate positive correlation between size and price, with house prices increasing by $131.60 for each additional square foot. This suggests the size of a property can help predict its selling price.

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994 views5 pages

MAT 240 Project One

This report analyzes housing data from 100 randomly selected properties sold by the D.M. Pan National Real Estate Company to predict selling prices based on property size. Descriptive statistics show that house sizes ranged from 1,327 to 3,945 square feet, with an average of 1,949 square feet. A regression model found a moderate positive correlation between size and price, with house prices increasing by $131.60 for each additional square foot. This suggests the size of a property can help predict its selling price.

Uploaded by

araceli
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Selling Price and Area Analysis for D.M.

Pan National Real Estate Company 1

Report: Selling Price and Area Analysis for D.M. Pan National Real Estate Company

[Your Name]

Southern New Hampshire University


Selling Price Analysis for D.M. Pan National Real Estate Company 2

Introduction

This report tries to come up with a prediction model on the selling price of properties

based on their size of properties based on the results of the regression model conducted on a

sample data generated from the data collected from the D.M. Pan National Real Estate Company.

Specifically, the paper wants to come up with a model that would predict the selling price of

specific properties in a certain region in the United States.

Data Collection

100 records were randomly selected out of the 980 available data of the Real State

County data of the D.M. Pan National Real Estate Company. No particular region was also

selected before selecting the samples.

Data Analysis

For this particular problem, the outcome variable or the dependent variable is the listing price of
the house while the independent variable is the area of the house (in square feet). With these
variables, it is assumed that the listing price of a particular house is dependent on the size specifically
the area of the house.
Selling Price Analysis for D.M. Pan National Real Estate Company 3

Median Listing Price of the Sample Data (n=100)

Median House Are in square feet (n=100)

Summary Statistics:

Descriptive Statistics
Std.
N Range Minimum Maximum Mean Deviation Variance
Statistic Statistic Statistic Statistic Statistic Std. Error Statistic Statistic
MedianListingPric 100 883511.60 75309.23 958820.83 299125.2750 17406.1233 174061.2335 302973130

e 5 2 13.563

MedianAreaSquar 100 2618.00 1327.00 3945.00 1949.0000 39.93484 399.34838 159479.131

eFeet

Valid N (listwise) 100

[Interpret the graphs and statistics: Describe the shape, center, spread, and any

unusual characteristic (outliers, gaps, etc.) and what they mean based on your sample data and

the graphs you created.]


Selling Price Analysis for D.M. Pan National Real Estate Company 4

[Explain how these characteristics of the sample data compare to the same characteristics

of the national population. Also, determine whether your sample is representative of the national

housing market sales.]

The Regression Model

Model Summary
Adjusted R Std. Error of the
Model R R Square Square Estimate
a
1 .302 .091 .082 166782.49726
a. Predictors: (Constant), MedianAreaSquareFeet

Coefficientsa
Standardized
Unstandardized Coefficients Coefficients
Model B Std. Error Beta t Sig.
1 (Constant) 42639.825 83490.243 .511 .611
MedianAreaSquareFeet 131.598 41.974 .302 3.135 .002
a. Dependent Variable: MedianListingPrice

Correlations
MedianListingPri MedianAreaSqu
ce areFeet
MedianListingPrice Pearson Correlation 1 .302**
Sig. (2-tailed) .002
N 100 100
**
MedianAreaSquareFeet Pearson Correlation .302 1
Sig. (2-tailed) .002
N 100 100
**. Correlation is significant at the 0.01 level (2-tailed).
Selling Price Analysis for D.M. Pan National Real Estate Company 5

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