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An article in Technometrics by S. C. Narula and J. F. Wellington (Prediction. Linear Regression. and a Minimum Sum of Relative Errors." Vol. 19. 1977) presents data on the selling price y) and annual taxes (x) for 24 houses. The taxes include local, school and county taxes. The data are shown in the table below. Calculate the least square estimates of slope and intercept. Sale Price/1000 Taxes/1000 25.9 ... 4.9176 29.5 5.0208 27.9 25.9 29.9 29.9 4.5429 4.5573 5.0597 3.0910 30.9 5.0900 28.9 5.6039 35.9 31.5 31.0 30.9 30.0 S.0202 5.3003 6.2712 5.9592 5.0500 0.2464 34.9 41.9 6.0909 40.5 7.7841 9.0384 5.9994 7.5422 8.7951 6.0831 0.3607 43.9 37.5 37.9 44.5 37.9 30.9 34.9 45.8 0.1400 9.1416 Input answers up to 3 decimal places. Slope 3.324 Intercept 13.320 Blank 1 3.324 Blank 2 13.320

An article in Technometrics by S. C. Narula and J. F. Wellington (Prediction. Linear Regression. and a Minimum Sum of Relative Errors." Vol. 19. 1977) presents data on the selling price y) and annual taxes (x) for 24 houses. The taxes include local, school and county taxes. The data are shown in the table below. Calculate the least square estimates of slope and intercept. Sale Price/1000 Taxes/1000 25.9 ... 4.9176 29.5 5.0208 27.9 25.9 29.9 29.9 4.5429 4.5573 5.0597 3.0910 30.9 5.0900 28.9 5.6039 35.9 31.5 31.0 30.9 30.0 S.0202 5.3003 6.2712 5.9592 5.0500 0.2464 34.9 41.9 6.0909 40.5 7.7841 9.0384 5.9994 7.5422 8.7951 6.0831 0.3607 43.9 37.5 37.9 44.5 37.9 30.9 34.9 45.8 0.1400 9.1416 Input answers up to 3 decimal places. Slope 3.324 Intercept 13.320 Blank 1 3.324 Blank 2 13.320

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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An article in Technometrics by S. C. Narula and J. F. Wellington (Prediction. Linear Regression and a Minimum Sum of Relative Errors." Vol. 19. 1977) presents data on the selling price (y) and annual taxes (x) for 24 houses. The taxes include local, school and county taxes. The data are shown in the table below. Calculate the least square estimates of slope and intercept. Sale Price/1000 Taxes/1000 ... 25.9 4.9176 29.5 5.0208 27.9 4.5429 4.5573 5.0597 3.8910 25.9 29.9 29.9 30.9 28.9 35.9 5.0980 5.6039 5.8282 31.5 5.3003 31.0 6.2712 30.9 5.9592 30.0 5.0500 36.9 8.2464 41.9 6.6909 40.5 7.7841 43.9 9.0384 37.5 5.9894 37.9 7.5422 44.5 8.7951 37.9 6.0831 34.9 8.3607 8.1400 26.9 45.8 9.1416 Input answers up to 3 decimal places. Slope 3.324 Intercept 13.320 Blank 1 3.324 Blank 2 13.320
Transcribed Image Text:An article in Technometrics by S. C. Narula and J. F. Wellington (Prediction. Linear Regression and a Minimum Sum of Relative Errors." Vol. 19. 1977) presents data on the selling price (y) and annual taxes (x) for 24 houses. The taxes include local, school and county taxes. The data are shown in the table below. Calculate the least square estimates of slope and intercept. Sale Price/1000 Taxes/1000 ... 25.9 4.9176 29.5 5.0208 27.9 4.5429 4.5573 5.0597 3.8910 25.9 29.9 29.9 30.9 28.9 35.9 5.0980 5.6039 5.8282 31.5 5.3003 31.0 6.2712 30.9 5.9592 30.0 5.0500 36.9 8.2464 41.9 6.6909 40.5 7.7841 43.9 9.0384 37.5 5.9894 37.9 7.5422 44.5 8.7951 37.9 6.0831 34.9 8.3607 8.1400 26.9 45.8 9.1416 Input answers up to 3 decimal places. Slope 3.324 Intercept 13.320 Blank 1 3.324 Blank 2 13.320
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