Our linear model for Saratoga homes uses the Size to estimate the Price: Price = -3.117 +94.454 Size Suppose you're thinking of buying a house there. a. Would you prefer to find a home with a negative of a positive residual? Explain. type your answer... b. You plan to look for a home about 3000 square feet. How much should you expect to have to pay $ type your answer... c. You find a nice home that size selling for $300,000.What's the residual? $ type your answer...

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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.
1
Our linear model for Saratoga homes uses the Size to estimate the Price:
Price = -3.117 +94.454 Size
10
Suppose you're thinking of buying a house there.
a. Would you prefer to find a home with a negative of a positive residual? Explain.
b. You plan to look for a home about 3000 square feet. How much should you expect to have to pay
$ type your answer...
9
type your answer...
c. You find a nice home that size selling for $300,000.What's the residual?
$ type your answer...
a
@
2
W
S
→
#m
3
e
d
$
4
r
f
%
сторо
t
DELL
011
A
6
g
y
&
O
7
h
C
*00
8
0
j
Transcribed Image Text:. 1 Our linear model for Saratoga homes uses the Size to estimate the Price: Price = -3.117 +94.454 Size 10 Suppose you're thinking of buying a house there. a. Would you prefer to find a home with a negative of a positive residual? Explain. b. You plan to look for a home about 3000 square feet. How much should you expect to have to pay $ type your answer... 9 type your answer... c. You find a nice home that size selling for $300,000.What's the residual? $ type your answer... a @ 2 W S → #m 3 e d $ 4 r f % сторо t DELL 011 A 6 g y & O 7 h C *00 8 0 j
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