Concept explainers
Home Prices and Size The
a. Use the graph to estimate the selling price of a home with 2000 square feet.
b. Use the equation to predict the selling price for a home with 2000 square feet.
c. What is the slope of the regression equation? Interpret the slope of the regression equation.
d. What is the y-intercept of the regression equation? Interpret the y-intercept of the regression equation or explain why it would be inappropriate to do so.
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