A study was conducted in California to investigate the relationship between house size (x in square feet) and house price (y in thousands of dollars). The least-square regression line is given below y= 263.5 + 0.174x R2 = 0.728 a) Interpret the slope of the given regression line b) find the predicted house price for a house size of 120 square feet c) if the actual house price was $449.5 thousand dollars for a house size of 1200 square feet, calculate the residual of the home d) find the correlation coefficient. Round to 3 decimal places
A study was conducted in California to investigate the relationship between house size (x in square feet) and house price (y in thousands of dollars). The least-square regression line is given below y= 263.5 + 0.174x R2 = 0.728 a) Interpret the slope of the given regression line b) find the predicted house price for a house size of 120 square feet c) if the actual house price was $449.5 thousand dollars for a house size of 1200 square feet, calculate the residual of the home d) find the correlation coefficient. Round to 3 decimal places
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 4GP
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A study was conducted in California to investigate the relationship between house size (x in square feet) and house price (y in thousands of dollars). The least-square regression line is given below
y= 263.5 + 0.174x R2 = 0.728
a) Interpret the slope of the given regression line
b) find the predicted house price for a house size of 120 square feet
c) if the actual house price was $449.5 thousand dollars for a house size of 1200 square feet, calculate the residual of the home
d) find the
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