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One of the biggest factors in determining the value of a home is the square footage. The accompanying data represent the square footage and selling price (in thousands of dollars) for a random sample of homes for sale in a certain region. Complete parts (a) through (h) below.

One of the biggest factors in determining the value of a home is the square footage. The accompanying data represent the square footage and selling price (in thousands of dollars) for a random sample of homes for sale in a certain region. Complete parts (a) through (h) below.

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
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9:32 K One of the biggest factors in determining the value of a home is the square footage. The accompanying data represent the square footage and selling price (in thousands of dollars) for a random sample of homes for sale in a certain region. Complete parts (a) through (h) below. (a) Which variable is the explanatory variable? O A. Square Footage Selling Price (b) Draw a scatter diagram of the data. Choose the correct scatter diagram below. AX 4000+ 1000- 150 ●● Yes Data Table 700 G 2192 3178 1077 2026 3105 B. 2860 3944 2150 2507 1707 1699 3718 Ay ||| 700- Print = 150- 1000 (...) 4000 (Round to three decimal places as needed.) (d) Is there a linear relation between square footage and asking price? Square Footage, x Selling Price ($000s), y D 378.1 373.7 181.9 346 621.5 383.6 601.1 367.4 409.1 298.1 257.3 675.2 Done C. 700- (c) Determine the linear correlation coefficient between square footage and asking price. 150+ 1000 : Vo) 1 2 ...| 46 | 1 5% D. No a house of square feet is outside the scope of the model (Type an integer or a simplified fraction.) O E. More information about the houses is necessary before deciding. O O 4000 OC. Yes-a house of square feet is possible and within the scope of the model. (Type an integer or a simplified fraction.) Q O D. 4000- 1000- iable. B. No a house of square feet is not possible and outside the scope of the model. (Type an integer or a simplified fraction.) Ау 1000 es by ars. I place as needed.) r box to complete your ars, on average. (h) One home that is 1477 square feet is sold for $225 thousand. Is this home's price above or below average for a home of this size? The home's price is below the average price. The average price of a home that is 1477 square feet is $ thousand. (Round to the nearest whole number as needed.) 4000 square feet, on d, if necessary, fill in the <
Transcribed Image Text:9:32 K One of the biggest factors in determining the value of a home is the square footage. The accompanying data represent the square footage and selling price (in thousands of dollars) for a random sample of homes for sale in a certain region. Complete parts (a) through (h) below. (a) Which variable is the explanatory variable? O A. Square Footage Selling Price (b) Draw a scatter diagram of the data. Choose the correct scatter diagram below. AX 4000+ 1000- 150 ●● Yes Data Table 700 G 2192 3178 1077 2026 3105 B. 2860 3944 2150 2507 1707 1699 3718 Ay ||| 700- Print = 150- 1000 (...) 4000 (Round to three decimal places as needed.) (d) Is there a linear relation between square footage and asking price? Square Footage, x Selling Price ($000s), y D 378.1 373.7 181.9 346 621.5 383.6 601.1 367.4 409.1 298.1 257.3 675.2 Done C. 700- (c) Determine the linear correlation coefficient between square footage and asking price. 150+ 1000 : Vo) 1 2 ...| 46 | 1 5% D. No a house of square feet is outside the scope of the model (Type an integer or a simplified fraction.) O E. More information about the houses is necessary before deciding. O O 4000 OC. Yes-a house of square feet is possible and within the scope of the model. (Type an integer or a simplified fraction.) Q O D. 4000- 1000- iable. B. No a house of square feet is not possible and outside the scope of the model. (Type an integer or a simplified fraction.) Ау 1000 es by ars. I place as needed.) r box to complete your ars, on average. (h) One home that is 1477 square feet is sold for $225 thousand. Is this home's price above or below average for a home of this size? The home's price is below the average price. The average price of a home that is 1477 square feet is $ thousand. (Round to the nearest whole number as needed.) 4000 square feet, on d, if necessary, fill in the <
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