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The Following Data Represent a Sample of Property Sales in Cape

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The following data represent a sample of property sales in Cape May County during the year 2000.Identify the qualitative and quantitative variables.What are the natural categories for Town and Class? Identify the measurement scales for all variables. The following data represent a sample of property sales in Cape May County during the year 2000.Identify the qualitative and quantitative variables.What are the natural categories for Town and Class? Identify the measurement scales for all variables.


Definitions:

Residuals

The differences between observed and predicted values in a regression analysis, indicating the error in predictions.

Regression Analysis

Regression analysis is a statistical method for estimating the relationships among variables, often used to predict the outcome of one variable based on the value(s) of another.

Crime Rates

A measure of the number of crimes committed per unit of population or geographic area within a specific period.

Cases

Instances or examples of a phenomenon being studied.

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