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.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman