8. One home that is 1,750 square feet is listed at $590,000 . Is this home's price above or below average for a home of this size? Use residuals and show your work to answer. footage<-c(1561,1818,1421,1488,1356,1430,1881,1253,1300,1500,1806,1777,1995)price<-c(425,489,379,499,299,380,560,429,524.9,429.9,580,459,665)xyplot(price-footage,xlab"square Footage",ylab="Asking price($000)",type=c("p","r")) 6005004003001400160018002000square Footagecor(price, footage)## [1] 0.7088847pricemodel<-1m(price~footage)msummary(pricemodel)Estimate Std. Error t value Pr(> |t|)#### (Intercept)## footage21.14411 136.314490.155 0.879540.283880.08516 3.333 0.00667 **#2### Residual standard error: 71.64 on 11 degrees of freedom## Multiple R-squared: 0.5025, Adjusted R-squared: 0.4573## F-statistic: 11.11 on 1 and 11 DF, p-value: 0.006671Asking price($000)

The fitted regression equation has house prices as the response variable while the area of the house…

Answered: 8. One home that is 1,750 square feet…

8. One home that is 1,750 square feet is listed at $590,000 . Is this home's price above or below average for a home of this size? Use residuals and show your work to answer

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Need help
Suppose Paul has two monthly bills, one for utilities and one for cable services. Paul's utility bill includes separate charges for gas and electricity usage. The total number of dollars he spends each month for utilities is nu. Paul's cable bill includes separate charges for his cable television subscription and his internet service. The total number of dollars he spends on cable services each month is nc. Assume that the true, long-run proportion pE of Paul's utility bill due to electricity usage is known to be 0.40. Assume that the true, long-run proportion ps of his cable bill due to television service is known to be 0.65. The number of dollars Paul spends each month for electricity is a binomial random variable E with mean ug and standard deviation o E. The number of dollars he spends each month for cable television is a binomial random variable T with mean µs and standard deviation oT. The correlation pET between E and T is 0.40. The total number of dollars ny Paul spends one…
Given a sales tax rate of 10% and a tip of 20% on the total including the sales tax, what does the original amount need to be multiplied by to calculate the total including the sales tax and tip? Select options below 1. To find the total including the tax without the tip we can multiply the original price by Select Option 2. To find the total including the 1.01 can multiply the original price by Select ( 1.02 1.1 1.2 BMIT ANSWER
Please make sure you answe all of it. It is all one question
How does estimation help you when working with money amounts?
In Japan, 5 significant tsunamis are recorder in last 60 years due to strong earthquakes. Assuming that the tsunamis are following poisonprocess.a) What is the probability that there will be no tsunami in a given year?b) What is the expected time between the tsunamis?c) What is the probability of having a tsunami in the next 5 years?
44. Fireworks Revenue. Revenue from display fireworks in the United States increased from $141 million in 1998 to $320 million in 2012 (Source: American Pyrotechnics Association). Find the average rate of change in the revenue from fireworks in the United States from 1998 to 2012.
Please answer questions 1,2 and 3. Express all answers accurately to the nearest cent or two decimal places. Thanks
Imagine that you are helping out a friend by taking care of their dog for the month of December while they are away taking care of family members. Your friend offers to compensate you by giving you a penny on Dec. 1, 2¢ on Dec. 2, 4¢ on Dec. 3, etc. Does this seem like a good deal? Before you answer, complete the chart below that would give your compensation through Dec. 14. Use dollars for the units. Date Compensation 1-Dec 0.01 2-Dec 0.02 3-Dec 4-Dec 5-Dec 6-Dec 7-Dec 8-Dec 9-Dec 10-Dec 11-Dec 12-Dec 13-Dec 14-Dec
Your friend makes up a game to play over Zoom during the shelter in place, and asks if you would like to play. The rules are: You win $8 if you roll a 6. You win $4 if you roll a 4 or 5 Otherwise, you have to pay $10. a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. The first value is filled in for you. Round to 4 decimal places where appropriate. Probability Distribution Table X P(X) -10 b. Find the expected profit. $ (Round to the nearest cent)c. Interpret the expected value. You will win this much if you play a game. This is the most likely amount of money you will win. If you play many games, on average, you will likely win, or lose if negative, close to this amount.