Orange County NC Website
a <br /> REGRESSION EQUATIONS FOR RURAL BUFFER AREAS <br /> Univ . Lake (PW- II ) Northside <br /> Constant 16415.41 4542.651 <br /> Standard <br /> error of y 14722. 13 63279 .68 <br /> R squared 0.834448 0 .437662 <br /> # of Observations 60 66 <br /> Degrees of <br /> Freedom 58 64 <br /> x coefficient 4087 .836 7136.979 <br /> Standards error <br /> of coefficient 239 .0185 1013.069 <br /> avg. size of <br /> observation 3.50 acres 5.89 acres <br /> # of observations <br /> less than 2 acres 33 ( 55%) 25 (37% ) <br /> Equations: <br /> University Lake(PW- II )- <br /> Raw Land Parcel Cost=( parcel size in acres*$4088)+$16415 <br /> 40,000 square foot parcel = $20, 170 <br /> Northside- <br /> Raw Land Parcel Cost=( parcel size in acres*$7136)+$4543 <br /> 40,000 square foot parcel = $11 , 104 <br /> Southern Triangle <br /> Constant 20587.99 <br /> Standard <br /> error of y 6302 . 192 <br /> R squared 0.009123 <br /> # of Observations 6 <br /> Degrees of <br /> Freedom 4 <br /> x coefficient 869.85 <br /> Standard error <br /> of coefficient 4532.563 <br /> avg. size of <br /> observation 1 .43 acres <br /> # of observations <br /> less than 2 acres 4 (66%) <br /> Equation : <br /> Raw Land Parcel Cost=( parcel size in acres*$870 )+$20588 <br /> 40,000 square foot parcel = $21 ,386 <br />