# Monopoly Name

 Date conversion 09.12.2017 Size 188.22 Kb.

## 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?