MyAssignmenthelp

Get Help From World's No.1 Online Tutoring Company

Get Online Tutoring through WhatsApp

Question & Answers

STAT6003 Statistic Assignment Task

Assignment task 2:

  1. Provide the complete summary statistics for Market Price ($000) and Age of house (years).
  2. Describe the shape of the distributions for Market Price ($000) and Age of house (years).
  3. Test whether the population’s average Market Price ($000) is different from 777.
  4. Construct a 95% confidence interval for the Market Price ($000), also Interpret the confidence interval.
  5. Provide an introduction section on the rationale of your model , sample size, and the dependent and independent variables (including their unit of measurement) in this model.
  6. Plot the dependent variable against each independent variable using scatter plot/dot function in Excel. Examine these scatter plots and correctly assess the strength and the nature of the relationship between the dependent and the independent variables?
  7. Present the multiple regression model with complete regression summary output in your assignment.
  8. Provide the simple linear regression data analysis for the market price as the response variable and the Land size in Square meters as the explanatory variable. Write down the least square regression equation and correctly interpret the equation.
  9. Write a clear interpretation of the slope of the regression line from question 4. You must refer to the variables of interest.
  10. What is the value of the coefficient of determination for the relationship between the dependent and independent variable from question 4. Interpret this value accurately and in a meaningful way.
  11. State the 95% confidence interval for the slope coefficient and interpret this interval from question 4.
  12. Compare the multiple regression model (question 3) and simple linear regression model (question 4) and evaluate the goodness of fit between these two modelling techniques.
  13. Predict the market price of a house (in $) with a building area of 250 square meters. Explain why your answer is valid.
  14. By performing an appropriate hypothesis test what decision and conclusion would you draw about the hypothesis that the Land size in Square meters useful in predicting the market price of a house (in $)? Use the data provided to justify your answer, as appropriate. When answering this research question.
  15. For statistical analysis involving hypothesis testing in this assignment, you are required to:  Formulate the null and alternative hypotheses for full model.
    • State your statistical decision using significant value (ߙ) of 5% for this test.
    • State your conclusion in this context.

 

This assignment is due in week 12 by Monday 8pm. Please submit your assignment in Word document with all the working attached that have been done in excel in the main navigation menu in STAT6003. The Learning Facilitator will provide feedback with reference to the criteria below via the Grade Centre in the LMS portal. Feedback can be viewed in My Grades.

Expert's Answer

The histograms are generated from Insert Tab in Excel. The descriptive statistics shows the values of skewness and kurtosis. The negative value of skewness for price of houses means that the data is skewed to left meaning its left tail is longer while the positive value of skewness for age of house means that the data is skewed to right meaning its right tail would be longer (Remenyi, et al., 2011).  Although negative, the skewness value of price of houses is very much closer to 0 (i.e. -0.09) meaning that the data is symmetrical for prices of house. Whereas, the skewness value of +0.4 means that the data is moderately skewed to right.

For Viewing Complete Solution

Chat with our Experts

Want to contact us directly? No Problem. We are always here for you

Professional

Online Tutoring Services

17,148

Orders Delivered

4.9/5

5 Star Rating

748

PhD Experts

 

Amazing Features

Plagiarism Free

Top Quality

Best Price

On-Time Delivery

100% Money Back

24 x 7 Support

Ask a New Question
*
*
  • United States+1
  • Afghanistan+93
  • Albania+355
  • Algeria+213
  • American Samoa+1684
  • Andorra+376
  • Angola+244
  • Anguilla+1264
  • Antigua and Barbuda+1268
  • Argentina+54
  • Armenia+374
  • Aruba+297
  • Australia+61
  • Austria+43
  • Azerbaijan+994
  • Bahamas+1242
  • Bahrain+973
  • Bangladesh+880
  • Barbados+1246
  • Belarus+375
  • Belgium+32
  • Belize+501
  • Benin+229
  • Bermuda+1441
  • Bhutan+975
  • Bolivia+591
  • Bosnia and Herzegovina+387
  • Botswana+267
  • Brazil+55
  • British Indian Ocean Territory+246
  • British Virgin Islands+1284
  • Brunei+673
  • Bulgaria+359
  • Burkina Faso+226
  • Burundi+257
  • Cambodia+855
  • Cameroon+237
  • Canada+1
  • Cape Verde+238
  • Caribbean Netherlands+599
  • Cayman Islands+1345
  • Central African Republic+236
  • Chad+235
  • Chile+56
  • China+86
  • Christmas Island+61
  • Cocos (Keeling) Islands+61
  • Colombia+57
  • Comoros+269
  • Congo (DRC) (Jamhuri ya Kidemokrasia ya Kongo)+243
  • Congo (Republic) (Congo-Brazzaville)+242
  • Cook Islands+682
  • Costa Rica+506
  • Cote d'Ivoire+225
  • Croatia+385
  • Cuba+53
  • Curacao+599
  • Cyprus+357
  • Czech Republic+420
  • Denmark+45
  • Djibouti+253
  • Dominica+1767
  • Dominican Republic+1
  • Ecuador+593
  • Egypt+20
  • El Salvador+503
  • Equatorial Guinea+240
  • Eritrea+291
  • Estonia+372
  • Ethiopia+251
  • Falkland Islands+500
  • Faroe Islands+298
  • Fiji+679
  • Finland+358
  • France+33
  • French Guiana+594
  • French Polynesia+689
  • Gabon+241
  • Gambia+220
  • Georgia+995
  • Germany+49
  • Ghana+233
  • Gibraltar+350
  • Greece+30
  • Greenland+299
  • Grenada+1473
  • Guadeloupe+590
  • Guam+1671
  • Guatemala+502
  • Guernsey+44
  • Guinea+224
  • Guinea-Bissau+245
  • Guyana+592
  • Haiti+509
  • Honduras+504
  • Hong Kong+852
  • Hungary+36
  • Iceland+354
  • India+91
  • Indonesia+62
  • Iran+98
  • Iraq+964
  • Ireland+353
  • Isle of Man+44
  • Israel+972
  • Italy+39
  • Jamaica+1876
  • Japan+81
  • Jersey+44
  • Jordan+962
  • Kazakhstan+7
  • Kenya+254
  • Kiribati+686
  • Kosovo+383
  • Kuwait+965
  • Kyrgyzstan+996
  • Laos+856
  • Latvia+371
  • Lebanon+961
  • Lesotho+266
  • Liberia+231
  • Libya+218
  • Liechtenstein+423
  • Lithuania+370
  • Luxembourg+352
  • Macau+853
  • Macedonia+389
  • Madagascar+261
  • Malawi+265
  • Malaysia+60
  • Maldives+960
  • Mali+223
  • Malta+356
  • Marshall Islands+692
  • Martinique+596
  • Mauritania+222
  • Mauritius+230
  • Mayotte+262
  • Mexico+52
  • Micronesia+691
  • Moldova+373
  • Monaco+377
  • Mongolia+976
  • Montenegro+382
  • Montserrat+1664
  • Morocco+212
  • Mozambique+258
  • Myanmar (Burma)+95
  • Namibia+264
  • Nauru+674
  • Nepal+977
  • Netherlands (Nederland)+31
  • New Caledonia+687
  • New Zealand+64
  • Nicaragua+505
  • Niger+227
  • Nigeria+234
  • Niue+683
  • Norfolk Island+672
  • North Korea+850
  • Northern Mariana Islands+1670
  • Norway (Norge)+47
  • Oman+968
  • Pakistan+92
  • Palau+680
  • Palestine+970
  • Panama+507
  • Papua New Guinea+675
  • Paraguay+595
  • Peru+51
  • Philippines+63
  • Poland+48
  • Portugal+351
  • Puerto Rico+1
  • Qatar+974
  • Reunion+262
  • Romania+40
  • Russia+7
  • Rwanda+250
  • Saint Barthelemy+590
  • Saint Helena+290
  • Saint Kitts and Nevis+1869
  • Saint Lucia+1758
  • Saint Martin+590
  • Saint Pierre and Miquelon+508
  • Saint Vincent and the Grenadines+1784
  • Samoa+685
  • San Marino+378
  • Sao Tome and Principe+239
  • Saudi Arabia+966
  • Senegal+221
  • Serbia+381
  • Seychelles+248
  • Sierra Leone+232
  • Singapore+65
  • Sint Maarten+1721
  • Slovakia+421
  • Slovenia+386
  • Solomon Islands+677
  • Somalia+252
  • South Africa+27
  • South Korea+82
  • South Sudan+211
  • Spain+34
  • Sri Lanka+94
  • Sudan+249
  • Suriname+597
  • Svalbard and Jan Mayen+47
  • Swaziland+268
  • Sweden (Sverige)+46
  • Switzerland+41
  • Syria+963
  • Taiwan+886
  • Tajikistan+992
  • Tanzania+255
  • Thailand+66
  • Timor-Leste+670
  • Togo+228
  • Tokelau+690
  • Tonga+676
  • Trinidad and Tobago+1868
  • Tunisia+216
  • Turkey+90
  • Turkmenistan+993
  • Turks and Caicos Islands+1649
  • Tuvalu+688
  • U.S. Virgin Islands+1340
  • Uganda+256
  • Ukraine+380
  • United Arab Emirates+971
  • United Kingdom+44
  • United States+1
  • Uruguay+598
  • Uzbekistan+998
  • Vanuatu+678
  • Vatican City+39
  • Venezuela+58
  • Vietnam+84
  • Wallis and Futuna+681
  • Western Sahara+212
  • Yemen+967
  • Zambia+260
  • Zimbabwe+263
  • Aland Islands+358
*
*
*

TOP

  Connect on WHATSAPP: +61-416-195006, Uninterrupted Access 24x7, 100% Confidential

X

Your solution is just a click away! Get it Now

12:28
PrevNext
MoTuWeThFrSaSu
31123456
78910111213
14151617181920
21222324252627
2829301234