progr Is the number of square feet of living space a good predictor of a house's selling price? The following data show the square footage and selling price for fifteen houses in Winston-Salem, Nort Size (1,000s sq. ft) 1.26 3.02 1.99 0.91 1.87 2.63 2.60 2.27 2.30 2.08 1.12 1.38 1.80 1.57 Selling Price ($1,000s) 117.5 299.9 139.0 45.6 129.9 274.9 259.9 177.0 175.0 189.9 95.0 82.1 169.0 96.5
progr Is the number of square feet of living space a good predictor of a house's selling price? The following data show the square footage and selling price for fifteen houses in Winston-Salem, Nort Size (1,000s sq. ft) 1.26 3.02 1.99 0.91 1.87 2.63 2.60 2.27 2.30 2.08 1.12 1.38 1.80 1.57 Selling Price ($1,000s) 117.5 299.9 139.0 45.6 129.9 274.9 259.9 177.0 175.0 189.9 95.0 82.1 169.0 96.5
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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Transcribed Image Text:A statistical program is recommended.
Is the number of square feet of living space a good predictor of a house's selling price? The following data show the square footage and selling price for fifteen houses in Winston-Salem, North
Size
(1,000s sq. ft)
1.26
3.02
1.99
0.91
1.87
2.63
2.60
2.27
2.30
2.08
1.12
1.38
1.80
1.57
1.45
Selling Price
($1,000s)
117.5
299.9
139.0
45.6
129.9
274.9
259.9
177.0
175.0
189.9
95.0
82.1
169.0
96.5
114.9
Transcribed Image Text:Find the value of the test statistic. (Round your answer to two decimal places.)
10.67
X
Find the p-value. (Round your answer to three decimal places.)
p-value = 0.016
X
State your conclusion.
O Do not reject Ho. We cannot conclude that the relationship between square feet of living space and selling price is
significant.
O Reject Ho
Ⓒ Reject Ho. We conclude that the relationship between square feet of living space and selling price is significant.
O Do not reject Ho. We conclude that the relationship between square feet of living space and selling price is significant.
We cannot conclude that the relationship between square feet of living space and selling price is significant.
(d) Use the estimated regression equation to predict the selling price (in $1,000s) of a 1,960 square foot house in Winston-Salem, North Carolina. (Round your answer to one decimal place.)
$
thousand
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