A property analyst is examining the relationship between the City Council's valuation on residential property and the market value (selling price) of the properties. A randomsample of 8 recent property transactions were examined. The data is recorded below. Find the predicted market value of property if the City council's valuation is R30 00.City CouncilMarket valuevaluation(R1000)(R1000)11575250215332142445308281975637071898838282 Ex =282Σχ11462Ey =1697Ey? = 11462Exy =a = -7.414168995b = 6.2624A. R180 457.897B. R175 654.000C. R202 560.99D. 175 675,90

# Given: data x=city council valuation (R1000) & y=market value (R1000) we have to predict…

Answered: roperty analyst is examining the…

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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en 000 Pursuing an MBA is a major personal investment. Tuition and expenses associated with business school programs are costly, but the high costs come with hopes of career advancement and high salaries. A prospective MBA student would like to examine the factors that impact starting salary upon graduation and decides to develop a model that uses program per-year tuition as a predictor of starting salary. Data were collected for 37 full-time MBA programs offered at private universities. The data are stored in the accompanying table. Complete parts (a) through (e) below. E Click the icon to view the data on program per-year tuition and mean starting salary. a. Construct a scatter plot. Choose the correct graph below. OA. O B. В. OC. OD. O D. Q 80,000- 80,000- TOLL 200,000- 200,000- 0- 0+ 04 200,000 Starting Salary (S) 80,000 200,000 Starting Salary (S) 80,000 Tuition ($) Tuition ($) b. Assuming a linear relationship, use the least-squares method to determine the regression coefficients…
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