Homework Help is Here – Start Your Trial Now!
Math
Statistics
g price? The following data g price for fifteen houses in

g price? The following data g price for fifteen houses in

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
Problem 1P
See similar textbooks
icon
Related questions
Question
59. Home Size and Price. Is the number of square feet of living space a good predictor of a house's selling price? The following data collected in April, 2015, show the square foot- age and selling price for fifteen houses in Winston Salem, North Carolina (Zillow.com). Selling Price ($1000s) Size (1000s sq. ft) 1.26 117.5 3.02 299.9 1.99 139.0 .91 45.6 1.87 129.9 2.63 274.9 2.60 259.9 2.27 177.0 2.30 175.0 2.08 189.9 1.12 95.0 1.38 82.1 1.80 169.0 1.57 96.5 1.45 114.9 Source: Zillow.com, April 5, 2015. (https://www.zillow.com/) a. Develop a scatter diagram with square feet of living space as the independent vari- able and selling price as the dependent variable. What does the scatter diagram indicate about the relationship between the size of a house and the selling price? b. Develop the estimated regression equation that could be used to predict the selling price given the number of square feet of living space. c. At the .05 level, is there a significant relationship between the two variables?
Transcribed Image Text:59. Home Size and Price. Is the number of square feet of living space a good predictor of a house's selling price? The following data collected in April, 2015, show the square foot- age and selling price for fifteen houses in Winston Salem, North Carolina (Zillow.com). Selling Price ($1000s) Size (1000s sq. ft) 1.26 117.5 3.02 299.9 1.99 139.0 .91 45.6 1.87 129.9 2.63 274.9 2.60 259.9 2.27 177.0 2.30 175.0 2.08 189.9 1.12 95.0 1.38 82.1 1.80 169.0 1.57 96.5 1.45 114.9 Source: Zillow.com, April 5, 2015. (https://www.zillow.com/) a. Develop a scatter diagram with square feet of living space as the independent vari- able and selling price as the dependent variable. What does the scatter diagram indicate about the relationship between the size of a house and the selling price? b. Develop the estimated regression equation that could be used to predict the selling price given the number of square feet of living space. c. At the .05 level, is there a significant relationship between the two variables?
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS