A study was conducted in California to investigate the relationship between house size (x in square feet) and house price (y in thousands of dollars). The least-square regression line is given below y= 263.5 + 0.174x  R2 = 0.728 a) Interpret the slope of the given regression line b) find the predicted house price for a house size of 120 square feet c) if the actual house price was $449.5 thousand dollars for a house size of 1200 square feet, calculate the residual of the home  d) find the correlation coefficient. Round to 3 decimal places

Trigonometry (MindTap Course List)
8th Edition
ISBN:9781305652224
Author:Charles P. McKeague, Mark D. Turner
Publisher:Charles P. McKeague, Mark D. Turner
Chapter4: Graphing And Inverse Functions
Section: Chapter Questions
Problem 6GP: If your graphing calculator is capable of computing a least-squares sinusoidal regression model, use...
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A study was conducted in California to investigate the relationship between house size (x in square feet) and house price (y in thousands of dollars). The least-square regression line is given below

y= 263.5 + 0.174x  R= 0.728

a) Interpret the slope of the given regression line

b) find the predicted house price for a house size of 120 square feet

c) if the actual house price was $449.5 thousand dollars for a house size of 1200 square feet, calculate the residual of the home 

d) find the correlation coefficient. Round to 3 decimal places 

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