National Descriptive Statistics

You have been hired by the D. M. Pan National Real Estate Company to develop a model to predict median housing prices for homes sold in 2019. The CEO of D. M. Pan wants to use this information to help their real estate agents better determine the use of square footage as a benchmark for listing prices on homes. Your task is to provide a report predicting the median housing prices based square footage. To complete this task, use the provided real estate data set for all U.S. home sales as well as national descriptive statistics and graphs provided.DirectionsUsing the Project One Template located in the What to Submit section, generate a report including your tables and graphs to determine if the square footage of a house is a good indicator for what the listing price should be. Reference the National Statistics and Graphs document for national comparisons and the Real Estate County Data spreadsheet (both found in the Supporting Materials section) for your statistical analysis.Describe the report: Give a brief description of the purpose of your report.Define the question your report is trying to answerExplain when using linear regression is most appropriate.When using linear regression, what would you expect the scatterplot to look like?Explain the difference between response and predictor variables in a linear regression to justify the selection of variables.Data Collection