An article on the cost of housing in California that appeared in the San Luis Obispo Tribune included the following statement: "In Northern California, people from the San Francisco Bay area pushed into the Central Valley, benefiting from home prices that dropped on average $4000 for every mile traveled east of the Bay area." If this statement is correct, what is the slope of the least-squares regression line, y = a + bx, where y house price (in dollars) and x = distance east of the Bay (in miles)? x Your answer cannot be understood or graded. More Information

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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An article on the cost of housing in California that appeared in the San Luis Obispo Tribunet included the following statement: "In Northern California, people from the San Francisco Bay area pushed into the Central Valley, benefiting from home prices that dropped on
average $4000 for every mile traveled east of the Bay area." If this statement is correct, what is the slope of the least-squares regression line, ý = a + bx, where y = house price (in dollars) and x = distance east of the Bay (in miles)?
Your answer cannot be understood or graded. More Information
Transcribed Image Text:An article on the cost of housing in California that appeared in the San Luis Obispo Tribunet included the following statement: "In Northern California, people from the San Francisco Bay area pushed into the Central Valley, benefiting from home prices that dropped on average $4000 for every mile traveled east of the Bay area." If this statement is correct, what is the slope of the least-squares regression line, ý = a + bx, where y = house price (in dollars) and x = distance east of the Bay (in miles)? Your answer cannot be understood or graded. More Information
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