. A real estate agency is interested in studying the relationship between the number of bedrooms in a house and the house selling prices. The variables are as follows: x = number of bedrooms y = selling price (in dollars) A report summarizing the number of bedrooms and house selling prices states that x = 2.99 Sx = 0.6590 y = 126698 Syy = 314433000000 r = .3634 n = 100

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 22PFA
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4. A real estate agency is interested in studying the relationship between the number of
bedrooms in a house and the house selling prices. The variables are as follows:
x = number of bedrooms
y selling price (in dollars)
A report summarizing the number of bedrooms and house selling prices states that
x = 2.99 Sx = 0.6590 y = 126698 Syy = 314433000000 r = .3634 n = 100
Transcribed Image Text:4. A real estate agency is interested in studying the relationship between the number of bedrooms in a house and the house selling prices. The variables are as follows: x = number of bedrooms y selling price (in dollars) A report summarizing the number of bedrooms and house selling prices states that x = 2.99 Sx = 0.6590 y = 126698 Syy = 314433000000 r = .3634 n = 100
d. What is the coefficient of determination?
What is the interpretation of Bo?
f. What is the interpretation of ₁?
g. Construct and interpret a 95% confidence interval for $₁ if the MSE =
2784834480.
Transcribed Image Text:d. What is the coefficient of determination? What is the interpretation of Bo? f. What is the interpretation of ₁? g. Construct and interpret a 95% confidence interval for $₁ if the MSE = 2784834480.
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