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 footage and selling price for fifteen houses in Winston Salem, North Carolina.
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 footage and selling price for fifteen houses in Winston Salem, North Carolina.
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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| 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 footage and selling price for fifteen houses in Winston Salem, North Carolina. | ||
| Size (1000s sq. ft) | Selling Price ($1000s) | |
| 1.26 | 117.5 | |
| 3.02 | 299.9 | |
| 1.99 | 139.0 | |
| 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 |
b. At the .05 level, is there a significant relationship between the two variables?
c. Use the estimated regression equation to predict the selling price of a 2000 square foot house in Winston Salem, North Carolina.
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