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# Descriptive Stats: House Prices (graded) Please consider the following questions. We will discuss them in the thread as the week goes by.

Descriptive Stats: House Prices (graded)Please consider the following questions. We will discuss them in the thread as the week goes by. Please answer the specific question(s) AFTER I've posted them in the Discussion area. We'll consider these and many more this week.We're looking at the Bryant/Smith "Practical Data Analysis, Vol II" manual's Case Study #27. Bryant/Smith cases are included with the Bowerman text, and the data are in Doc Sharing. The following are questions to consider.How much more can you expect to get for a house that has a fireplace over one that does not?How much more can you expect to get for your house, which has four bedrooms, as opposed to one that has three?If your house has no basement, how much lower do you expect your selling price to be?What about these descriptive statistics makes you wary or uncomfortable? In other words, if you were a real estate agent, would you go around spouting the answers that you gave above? Explain..How much more can you expect to get for a house that has a fireplace over one that does not? How much more can you expect to get for your house, which has four bedrooms, as opposed to one that has three? If your house has no basement, how much lower do you expect your selling price to be? What about these descriptive statistics makes you wary or uncomfortable? In other words, if you were a real estate agent, would you go around spouting the answers that you gave above? Explain.