c) Find the equation of the regression line. Write down the slope and the intercept. d) Determine the predicted selling price of a house that has an area of 2500. Dataset: Area Selling Price 2704 400000 2096 370000 2737 382500 1800 300000 1066 305000 1820 320000 2700 321000 2316 445000 2448 377500 3040 460000 1500 265000 1448 299000 2400 385000 2200 430000 1635 214900 2224 475000 1738 280000 3432 457000 1175 210000 1393 272500 1196 268000 1860 300000 3867 477000 1800 292000 2722 379000 2240 295000 2174 499000 1650 292000 2000 305000 3350 520000 1776 308000 1850 316000 2600 355500 1300 225000 1352 270000 1312 253000 1664 310000 1700 300000 1650 295000 2400 478000
c) Find the equation of the regression line. Write down the slope and the intercept. d) Determine the predicted selling price of a house that has an area of 2500. Dataset: Area Selling Price 2704 400000 2096 370000 2737 382500 1800 300000 1066 305000 1820 320000 2700 321000 2316 445000 2448 377500 3040 460000 1500 265000 1448 299000 2400 385000 2200 430000 1635 214900 2224 475000 1738 280000 3432 457000 1175 210000 1393 272500 1196 268000 1860 300000 3867 477000 1800 292000 2722 379000 2240 295000 2174 499000 1650 292000 2000 305000 3350 520000 1776 308000 1850 316000 2600 355500 1300 225000 1352 270000 1312 253000 1664 310000 1700 300000 1650 295000 2400 478000
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
c) Find the equation of the regression line. Write down the slope and the intercept.
d) Determine the predicted selling price of a house that has an area of 2500.
Dataset:
Area | Selling Price |
2704 | 400000 |
2096 | 370000 |
2737 | 382500 |
1800 | 300000 |
1066 | 305000 |
1820 | 320000 |
2700 | 321000 |
2316 | 445000 |
2448 | 377500 |
3040 | 460000 |
1500 | 265000 |
1448 | 299000 |
2400 | 385000 |
2200 | 430000 |
1635 | 214900 |
2224 | 475000 |
1738 | 280000 |
3432 | 457000 |
1175 | 210000 |
1393 | 272500 |
1196 | 268000 |
1860 | 300000 |
3867 | 477000 |
1800 | 292000 |
2722 | 379000 |
2240 | 295000 |
2174 | 499000 |
1650 | 292000 |
2000 | 305000 |
3350 | 520000 |
1776 | 308000 |
1850 | 316000 |
2600 | 355500 |
1300 | 225000 |
1352 | 270000 |
1312 | 253000 |
1664 | 310000 |
1700 | 300000 |
1650 | 295000 |
2400 | 478000 |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 4 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman