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A researcher is analyzing the relationship between various variables in housing data for 32 cities: median list prices of single family homes, condominium or co-ops, all homes, median household income, unemployment rate, and population. What is the regression equation for the model that predicts the list price of condominiums or co-ops using median household income as an explanatory variable? Ý = = Ex: 1.234 X + (Ex: 1.234 What is the interpretation of the slope? Pick v in the list price of condominiums or co-ops as median household income increases. What is the interpretation of the intercept?

A researcher is analyzing the relationship between various variables in housing data for 32 cities: median list prices of single family homes, condominium or co-ops, all homes, median household income, unemployment rate, and population. What is the regression equation for the model that predicts the list price of condominiums or co-ops using median household income as an explanatory variable? Ý = = Ex: 1.234 X + (Ex: 1.234 What is the interpretation of the slope? Pick v in the list price of condominiums or co-ops as median household income increases. What is the interpretation of the intercept?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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A B D E F G H 1 City Single family Condo or co-o All homes Household inc Unemploymer Population 2 Atlanta, GA 403,000 298,000 317,000 55,279 8.5 498044 3 Minneapolis, 331,000 291,000 323,000 58,993 7.5 425403 4 Cincinatti, OH 208,000 211,000 191,000 38,545 10.1 302605 5 San Diego, CA 6 Reno, NV 7 Portland, OR 8 Sioux Falls, SC 9 Kansas City, N 10 Chicago, IL 829,000 536,000 725,000 75,456 8.8 1426000 450,000 247,000 441,000 54,916 6.9 250998 518,000 411,000 514,000 65,740 8.9 653115 257,000 175,000 248,000 59,017 3.4 181883 184,000 219,000 187,000 52,405 7.5 491918 292,000 357,000 297,000 55,198 13.8 2706000 11 Savannah, GA 210,000 206,000 203,000 41,093 8.8 145862 12 Bloomington, 13 Seattle, WA 261,000 188,000 248,000 34,435 4.7 84981 890,000 573,000 837,000 85,562 6.6 744955 14 Concord, NH 297,000 178,000 284,000 62,967 5.2 43412 15 Augusta, ME 16 Des Moines, I 17 Lincoln, NB 172,000 130,000 176,000 40,340 5.4 18681 162,000 186,000 165,000 52,251 6.4 216853 228,000 186,000 225,000 55,224 3.2 287401 18 Nampa, ID 298,000 258,000 305,000 44,691 6.4 96252 19 Draper, UT 613,000 418,000 599,000 115,618 4.8 48319 20 Houston, TX 246,000 177,000 209,000 51,140 9.8 2326000 21 Memphis, TN 122,000 170,000 112,000 39,108 12.1 650618 22 Waco, TX 170,000 127,000 164,000 37,735 7.0 138183 23 Jackson, MS 68,438 121,000 48,579 37,563 9.3 164422 24 Tampa, FL 330,000 245,000 289,000 50,909 6.9 392890 25 Atlantic City, 134,000 112,000 123,000 27,786 15.8 37804 26 Bozeman, MT 535,000 343,000 499,000 51,896 3.9 48532 27 Las Vegas, N\ 333,000 183,000 318,000 54,694 14.1 644644 28 San Francisco 1,640,000 1,280,000 1,490,000 104,552 8.4 888305 29 Philadelphia, 209,000 335,000 216,000 43,744 11.7 1584000 30 Charlotte, NC 311,000 234,000 280,000 60,886 8.1 872498 31 Ann Arbor, MI 32 Charleston, S 33 San Antonio, 440,000 282,000 412,000 63,956 5.0 121890 407,000 303,000 364,000 64,599 4.8 133762 215,000 165,000 213,000 46,317 8.0 1487000 34 35
Transcribed Image Text:A B D E F G H 1 City Single family Condo or co-o All homes Household inc Unemploymer Population 2 Atlanta, GA 403,000 298,000 317,000 55,279 8.5 498044 3 Minneapolis, 331,000 291,000 323,000 58,993 7.5 425403 4 Cincinatti, OH 208,000 211,000 191,000 38,545 10.1 302605 5 San Diego, CA 6 Reno, NV 7 Portland, OR 8 Sioux Falls, SC 9 Kansas City, N 10 Chicago, IL 829,000 536,000 725,000 75,456 8.8 1426000 450,000 247,000 441,000 54,916 6.9 250998 518,000 411,000 514,000 65,740 8.9 653115 257,000 175,000 248,000 59,017 3.4 181883 184,000 219,000 187,000 52,405 7.5 491918 292,000 357,000 297,000 55,198 13.8 2706000 11 Savannah, GA 210,000 206,000 203,000 41,093 8.8 145862 12 Bloomington, 13 Seattle, WA 261,000 188,000 248,000 34,435 4.7 84981 890,000 573,000 837,000 85,562 6.6 744955 14 Concord, NH 297,000 178,000 284,000 62,967 5.2 43412 15 Augusta, ME 16 Des Moines, I 17 Lincoln, NB 172,000 130,000 176,000 40,340 5.4 18681 162,000 186,000 165,000 52,251 6.4 216853 228,000 186,000 225,000 55,224 3.2 287401 18 Nampa, ID 298,000 258,000 305,000 44,691 6.4 96252 19 Draper, UT 613,000 418,000 599,000 115,618 4.8 48319 20 Houston, TX 246,000 177,000 209,000 51,140 9.8 2326000 21 Memphis, TN 122,000 170,000 112,000 39,108 12.1 650618 22 Waco, TX 170,000 127,000 164,000 37,735 7.0 138183 23 Jackson, MS 68,438 121,000 48,579 37,563 9.3 164422 24 Tampa, FL 330,000 245,000 289,000 50,909 6.9 392890 25 Atlantic City, 134,000 112,000 123,000 27,786 15.8 37804 26 Bozeman, MT 535,000 343,000 499,000 51,896 3.9 48532 27 Las Vegas, N\ 333,000 183,000 318,000 54,694 14.1 644644 28 San Francisco 1,640,000 1,280,000 1,490,000 104,552 8.4 888305 29 Philadelphia, 209,000 335,000 216,000 43,744 11.7 1584000 30 Charlotte, NC 311,000 234,000 280,000 60,886 8.1 872498 31 Ann Arbor, MI 32 Charleston, S 33 San Antonio, 440,000 282,000 412,000 63,956 5.0 121890 407,000 303,000 364,000 64,599 4.8 133762 215,000 165,000 213,000 46,317 8.0 1487000 34 35
A researcher is analyzing the relationship between various variables in housing data for 32 cities: median list prices of single family homes, condominium or co-ops, all homes, median household income, unemployment rate, and population. What is the regression equation for the model that predicts the list price of condominiums or co-ops using median household income as an explanatory variable? Ý : = Ex: 1.234 X + (Ex: 1.234 What is the interpretation of the slope? Pick in the list price of condominiums or co-ops as median household income increases. What is the interpretation of the intercept? Pick
Transcribed Image Text:A researcher is analyzing the relationship between various variables in housing data for 32 cities: median list prices of single family homes, condominium or co-ops, all homes, median household income, unemployment rate, and population. What is the regression equation for the model that predicts the list price of condominiums or co-ops using median household income as an explanatory variable? Ý : = Ex: 1.234 X + (Ex: 1.234 What is the interpretation of the slope? Pick in the list price of condominiums or co-ops as median household income increases. What is the interpretation of the intercept? Pick
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