5. The Pine Properties specializes in home resales in the Tema Community. A randomsample of eleven custom homes currently listed for sale provided the followinginformation on size and price. Here, x denotes size, in hundreds of square feet, rounded tothe nearest hundred, and y denotes price, in millions of dollars. For part (c), predict theprice of a 75,000-sq. ft. home in the Tema Community.* 57 85y 8.0 22.0 10,5 22.5 12.0 11.5 7.5 13.052 67 6280576577536816.521,012.0a. Find the regression equation for the data points.b. Interpret the slope of the regression line.c. Predict the values of the response variable for the specified values of thepredictor variable, and interpret your results.d. Summarize your answers in an ANOVA table.e. Compute the correlation coefficients, coefficient of determination and interpretyour results.

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Description: 5. The Pine Properties specializes in home resales in the Tema Community. A randomsample of eleven custom homes currently listed for sale provided the followinginformation on size and price. Here, x denotes size, in hundreds of square feet, rounded

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5. The Pine Properties specializes in home resales in the Tema Community. A random sample of eleven custom homes currently listed for sale provided the following information on size and price. Here, x denotes size, in hundreds of square feet, rounded to the nearest hundred, and y denotes price, in millions of dollars. For part (c), predict the price of a 75,000-sq. A home in the Tema Community. x |57 85| 57 | 65 52 67 62 s0 y 8.0 22.0 10.5 22.5 12.0 11.5 1.5 13.0 16.5 21.0 12.0 | 77 53 68 a. Find the regression equation for the data points. b. Interpret the slope of the regression line. c. Predict the values of the response variable for the specified values of the predictor variable, and interpret your results.

5. The Pine Properties specializes in home resales in the Tema Community. A random sample of eleven custom homes currently listed for sale provided the following information on size and price. Here, x denotes size, in hundreds of square feet, rounded to the nearest hundred, and y denotes price, in millions of dollars. For part (c), predict the price of a 75,000-sq. A home in the Tema Community. x |57 85| 57 | 65 52 67 62 s0 y 8.0 22.0 10.5 22.5 12.0 11.5 1.5 13.0 16.5 21.0 12.0 | 77 53 68 a. Find the regression equation for the data points. b. Interpret the slope of the regression line. c. Predict the values of the response variable for the specified values of the predictor variable, and interpret your results.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

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5. The Pine Properties specializes in home resales in the Tema Community. A random
sample of eleven custom homes currently listed for sale provided the following
information on size and price. Here, x denotes size, in hundreds of square feet, rounded to
the nearest hundred, and y denotes price, in millions of dollars. For part (c), predict the
price of a 75,000-sq. ft. home in the Tema Community.
* 57 85
y 8.0 22.0 10,5 22.5 12.0 11.5 7.5 13.0
52 67 62
80
57
65
77
53
68
16.5
21,0
12.0
a. Find the regression equation for the data points.
b. Interpret the slope of the regression line.
c. Predict the values of the response variable for the specified values of the
predictor variable, and interpret your results.
d. Summarize your answers in an ANOVA table.
e. Compute the correlation coefficients, coefficient of determination and interpret
your results.

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