A property analyst is examining the relationship between the City Council's valuation on residential property and the market value (selling price) of the properties. A random sample of 8 rece property transactions were examined. The data is recorded in the tables below. Find the intercept (rounded off to four decimals). City Council valuation (R1000) 12 45 32 50 28 56 18 40 OA. 1.285 OB. 0.0892 OC.-8.3409 OD. 6.7128 Market value (R1000) 65 220 142 310 196 364 116 260 SSxy=10319.875 SSY = 70990.875 Exy=69084 b = 6.1912 SSX = 1666.875 = 35.125 y=209.125 4
A property analyst is examining the relationship between the City Council's valuation on residential property and the market value (selling price) of the properties. A random sample of 8 rece property transactions were examined. The data is recorded in the tables below. Find the intercept (rounded off to four decimals). City Council valuation (R1000) 12 45 32 50 28 56 18 40 OA. 1.285 OB. 0.0892 OC.-8.3409 OD. 6.7128 Market value (R1000) 65 220 142 310 196 364 116 260 SSxy=10319.875 SSY = 70990.875 Exy=69084 b = 6.1912 SSX = 1666.875 = 35.125 y=209.125 4
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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Transcribed Image Text:ikamva.uwc.ac.za/portal/site/c270806c-5fc4-48eb-9e9f-c36b70a48bfd/tool/9c4bbf02-c2a0-412d-b875-f99fc174ec10/jsf/delivery/deliverAssessment Q @ ✰ ✰ ☐
IVA
City Council
valuation (R1000)
12
45
32
50
28
56
18
40
OA. 1.285
QUESTION 23 0121
A property analyst is examining the relationship between the City Council's valuation on residential property and the market value (selling price) of the properties. A random sample of 8 recent
property transactions were examined. The data is recorded in the tables below. Find the intercept (rounded off to four decimals).
B. 0.0892
O C.-8.3409
OD. 6.7128
Market value (R1000)
65
220
142
310
196
364
116
260
SSxy= 10319.875
SSY = 70990.875
Σxy =69084
b = 6.1912
Time Remaining: 01:54:02
SSX = 1666.875
x=35.125
STORIE
209.125
OLO
74
L M
S
G
W
0
70
ENG
US
Expert Solution
Step 1
| City council valuation(x) | Market value( y) |
| 12 | 65 |
| 45 | 220 |
| 32 | 142 |
| 50 | 310 |
| 28 | 196 |
| 56 | 364 |
| 18 | 116 |
| 40 | 260 |
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