How Much is a Fireplace Worth?

This case study starts by the simple comparison of the prices of houses with and without fireplaces and extends the analysis to examine other characteristics of the houses with fireplace that may affect the price as well. The intent is to show the danger of using simple group comparisons to answer a question that involves many variables. The lesson shows the R code for doing this analysis; however, the data and the model could be used with another statistical software.
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Author Name: 
Dick DeVeaux
Source Code Available: 
Source Code Not Available
Intended User Role: 
Learner, Teacher
Resource Type: 
Statistical Topic: 
Copyrights: 
No
Cost: 
Free for All

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