Draw conclusions from the slope and intercept in the context of this problem. · Does the intercept make sense based on your observation of the line of best fit? O Determine the value of the land only. Note: You can assume, when the square footage of the house is zero, that the price is the value of just the land. This happens when x=0, which is the y-intercept. Does this value make sense in context?
Draw conclusions from the slope and intercept in the context of this problem. · Does the intercept make sense based on your observation of the line of best fit? O Determine the value of the land only. Note: You can assume, when the square footage of the house is zero, that the price is the value of just the land. This happens when x=0, which is the y-intercept. Does this value make sense in context?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
Assistance with the following: showing all working:
Squared feet - X axis
Listing Price - Y axis
![Examine the slopeb] and intercept bo.
Draw conclusions from the slope
and intercept in the context of this
problem.
· Does the intercept make sense
based on your observation of
the line of best fit?
O Determine the value of the land
only.
Note: You can assume, when the
square footage of the house is zero,
that the price is the value of just the
land. This happens when x=0, which
is the y-intercept. Does this value
make sense in context?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1156176b-12b4-47e3-a392-25418b6d8ae5%2F6b575f09-f179-49b1-a4cf-b9de220fdf08%2Fra6ee3_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Examine the slopeb] and intercept bo.
Draw conclusions from the slope
and intercept in the context of this
problem.
· Does the intercept make sense
based on your observation of
the line of best fit?
O Determine the value of the land
only.
Note: You can assume, when the
square footage of the house is zero,
that the price is the value of just the
land. This happens when x=0, which
is the y-intercept. Does this value
make sense in context?
Transcribed Image Text:y = 94.946x + 54585
R = 0.8842
Scatter Plot
700,000
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