A statistical program is recommended. Is the number of square feet of living space a good predictor of a house's selling price? The following data show the square footage and selling price for fifteen houses in Winston-Salem, North Carolina.† Size (1,000s sq. ft) Selling Price ($1,000s) 1.26 117.5 3.02 299.9 1.99 139.0 0.91 45.6 1.87 129.9 2.63 274.9 2.60 259.9 2.27 177.0 2.30 175.0 2.08 189.9 1.12 95.0 1.38 82.1 1.80 169.0 1.57 96.5 1.45 114.9 Find the value of the test statistic. (Round your answer to two decimal places.) ______________________. (d)Use the estimated regression equation to predict the selling price (in $1,000s) of a 2,100 square foot house in Winston-Salem, North Carolina. (Round your answer to one decimal place.) $_____ thousand
A statistical program is recommended. Is the number of square feet of living space a good predictor of a house's selling price? The following data show the square footage and selling price for fifteen houses in Winston-Salem, North Carolina.† Size (1,000s sq. ft) Selling Price ($1,000s) 1.26 117.5 3.02 299.9 1.99 139.0 0.91 45.6 1.87 129.9 2.63 274.9 2.60 259.9 2.27 177.0 2.30 175.0 2.08 189.9 1.12 95.0 1.38 82.1 1.80 169.0 1.57 96.5 1.45 114.9 Find the value of the test statistic. (Round your answer to two decimal places.) ______________________. (d)Use the estimated regression equation to predict the selling price (in $1,000s) of a 2,100 square foot house in Winston-Salem, North Carolina. (Round your answer to one decimal place.) $_____ thousand
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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A statistical program is recommended.
Is the number of square feet of living space a good predictor of a house's selling price? The following data show the square footage and selling price for fifteen houses in Winston-Salem, North Carolina.†
Size (1,000s sq. ft) |
Selling Price ($1,000s) |
---|---|
1.26 | 117.5 |
3.02 | 299.9 |
1.99 | 139.0 |
0.91 | 45.6 |
1.87 | 129.9 |
2.63 | 274.9 |
2.60 | 259.9 |
2.27 | 177.0 |
2.30 | 175.0 |
2.08 | 189.9 |
1.12 | 95.0 |
1.38 | 82.1 |
1.80 | 169.0 |
1.57 | 96.5 |
1.45 | 114.9 |
Find the value of the test statistic. (Round your answer to two decimal places.)
______________________.
(d)Use the estimated regression equation to predict the selling price (in $1,000s) of a 2,100 square foot house in Winston-Salem, North Carolina. (Round your answer to one decimal place.)
$_____ thousand
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