Velu Pandian Ravichandran

SPSS Lab 3 MBA J 15 FT

1. Descriptive Statistics for the Variables Floor Area and Price.
Descriptive Statistics
N

Minimum

Maximum

Mean

Std. Deviation

Price in k

33

135

2000

435.95

325.306

Floor Area in m

33

21

360

74.15

57.889

Valid N (listwise)

33

Regression
Variables Entered/Removeda

Model
1

Variables

Variables

Entered

Removed

Floor Area in
mb

a. Dependent Variable: Price in k

b. All requested variables entered.

Method
. Enter

Model Summaryb
Adjusted R
Model

R Square
a

.974

Square

.950

Std. Error of the Estimate

.948

74.220

a. Predictors: (Constant), Floor Area in m

b. Dependent Variable: Price in k
ANOVAa
Model

Sum of Squares

Regression
Residual
Total

df

Mean Square

3215594.051

3215594.051

170764.571

31

5508.535

3386358.622

32

Sig.
.000b

583.748

a. Dependent Variable: Price in k

b. Predictors: (Constant), Floor Area in m
Coefficientsa
Standardized
Unstandardized Coefficients
Model

(Constant)

Std. Error

29.939

21.197

5.476

.227

Floor Area in m

Coefficients
Beta

.974

Sig.

1.412

.168

24.161

.000

a. Dependent Variable: Price in k

Residuals Statisticsa
Minimum
Predicted Value
Residual
Std. Predicted Value
Std. Residual

Maximum

Mean

Std. Deviation

142.20

2001.27

435.95

316.997

33

-108.471

246.709

.000

73.051

33

-.927

4.938

.000

1.000

33

-1.461

3.324

.000

.984

33

a. Dependent Variable: Price in k

2. Equation of the model

The Equation of the model has a general equation in the form of

^
y i= ^
0+ ^
1x i

Using coefficients from the Coefficients Table, we can see that the equation of this
^
y i=29.939+5.476x i
specific model turns out to be
y is the dependent variable Price and x is the independent variable area
3. Opinion about the model

By analyzing the equation and the data derived from spss, I can conclude the following
about this model:

R2 = 0.95. This clearly shows that the above mentioned model can be used to
explain 95% of the Price changes

b1 = 5.476. Therefore b1 > 0. This shows that the Cov(x,y) > 0. Since there is a
positive covariance between the Price and the Area, I can conclude that as the
Area increases, the Price increases as well.

4. Histogram

5. Prevision.

When previsioning for an area of 30m2, we replace Xi in the equation with 30 to arrive at the
Price. Therefore:
^
y i=29.939+5.476x i
Let Xi = 30
^
y i=29.939+5.476(30)
^
y i =194.219
Looking at the Model Summary, we can see that there is a standard error of 74.220.
Incorporating that error into the Yi value, we get the range that Yi can be within the range of
(119.999,268.439). I am 95% confident that the Price of an Apartment that has an area of 30m2
will lie between the Price Range of (119.999,268.439).

Model Summaryb
Model
1

R Square
a

.974

a. Predictors: (Constant), Floor Area in m

b. Dependent Variable: Price in k

Adjusted R Square
.950

.948

Std. Error of the Estimate

74.220