Monopoly Name



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Monopoly Name ___________________________

Have you ever played Monopoly? If so, you might recall that as you move around the board, the cost of purchasing property increases the further you are from GO. Find a linear model that can predict the cost of property based on the number of spaces from GO. Monopoly board on the next page.




Property

Spaces

Cost

Property

Spaces

Cost

Mediterranean Avenue

1

60

Kentucky Avenue

21

220

Baltic Avenue

3

60

Indiana Avenue

23

220

Reading Railroad

5

200

Illinois Avenue

24

240

Oriental Avenue

6

100

B & O Railroad

25

200

Vermont Avenue

8

100

Atlantic Avenue

26

260

Connecticut Avenue

9

120

Ventnor Avenue

27

260

St. Charles Place

11

140

Water Works

28

150

Electric Company

12

150

Marvin Gardens

29

280

States Avenue

13

140

Pacific Avenue

31

300

Virginia Avenue

14

160

North Carolina Avenue

32

300

Pennsylvania Railroad

15

200

Pennsylvania Avenue

34

320

St. James Place

16

180

Short Line Railroad

35

200

Tennessee Avenue

18

180

Park Place

37

350

New York Avenue

19

200

Boardwalk

39

400

Monopoly Activity Name:_________________





  1. What is the least squares regression equation for the data?


  1. Find the value of r. Interpret



  1. What would you charge to purchase free parking?


  1. The makers of Monopoly have decided to make their board larger, building it in the shape of a hexagon. What should they charge for Coticchio Avenue that is 57 spaces from GO?


  1. What does the y-intercept, a, represent in this situation?


  1. What does the slope, b, represent in this situation?



  1. Influential Points and Outliers. Does any of the data seem out of place? What effect does this data have on the line? Remove the data and find the LSRL again. What is the value of r now?


  1. If Community Chest and Chance were sold for residential purposes, what should be the price for the Community Chest and Chance spaces?


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