Final Case Study Project
Introduction In this paper, we will describe and discuss the application of statistics and probability theory to a real-world problem. Our task is to study the impacts of a variety of factors influencing house prices in Prescott, Arizona. As it was mentioned in the previous studies, there are five lakes in the Prescott metropolitan area that provide a number of benefits to those who live or spent their holidays in this area. These benefits include scenic beauty, recreational opportunity, clear water, fresh air and so on and so forth. It is assumed that the property prices should depend on ...