Tests and Confidence Regions
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Is the selling price affected by the number of rooms in a house, given that the other independent variables (e.g., floor area, lot size) remain the same?
Suppose the realtor says that adding a garage will add $5000 to the selling price of the house. Can this be true?
Do lot size and floor area affect the price equally?
Does either lot size or floor area have any effect on prices?
Can it be true that storm windows add $6000 and a garage adds $4000 to the price of a house?
KeywordsChemical Oxygen Demand House Price Confidence Region Selling Price Total Kjeldahl Nitrogen
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