Question

Question
A real estate agency is conducting a housing market analysis in a suburban neighborhood to understand factors affecting the sale price of homes. The agency’s primary focus is analyzing the sale prices in order to identify trends and determine the average cost of homes in the area. The following data was collected:

Housing Market Data

House Identification Number

Sale Price ($)

Number of Bedrooms

Square Footage (sq. ft.)

H001

350,000

3

1,800

H002

425,000

4

2,200

H003

300,000

2

1,500

H004

510,000

5

2,800

H005

375,000

3

2,000



The variable of interest for this analysis is

(1 point)
Responses

Sale price ($)
Sale price ($)

House Identification Number
House Identification Number

Number of Bedrooms
Number of Bedrooms

Square Footage (sq ft.)

Answer 1

Sale price ($)

Reason: The agency’s primary focus is analyzing sale prices to identify trends and determine average home cost, so sale price is the variable of interest.