1975 4113 Square Footage Selling Price 2204 3183 1128 3101 2769 379.9 375 189.9 338 619.9 370 627.7 in Thousands a. What is the explanatory variable? b. We calculate that r = 0.8617. Briefly describe how to interpret that value for this particular information. C. We also know that ĩ = 2639,ỹ = 414.34, sỵ = 967.14, s, = 157.42. Find the least squares regression line.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 9PPS
icon
Related questions
Question
d. Use your answer above to predict the cost of a 3000 square foot house.
e. Explain what the y-intercept of your equation in part c represents. Does it make sense to consider it?
Transcribed Image Text:d. Use your answer above to predict the cost of a 3000 square foot house. e. Explain what the y-intercept of your equation in part c represents. Does it make sense to consider it?
Square
2204
3183
1128
1975
3101
2769
4113
Footage
Selling Price
379.9
375
189.9
338
619.9
370
627.7
in
Thousands
а.
What is the explanatory variable?
b. We calculate that r = 0.8617. Briefly describe how to interpret that value for this particular
information.
C.
We also know that i = 2639, ỹ = 414.34, sx = 967.14, s, = 157.42. Find the least squares regression
line.
Transcribed Image Text:Square 2204 3183 1128 1975 3101 2769 4113 Footage Selling Price 379.9 375 189.9 338 619.9 370 627.7 in Thousands а. What is the explanatory variable? b. We calculate that r = 0.8617. Briefly describe how to interpret that value for this particular information. C. We also know that i = 2639, ỹ = 414.34, sx = 967.14, s, = 157.42. Find the least squares regression line.
Expert Solution
steps

Step by step

Solved in 2 steps with 3 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL