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Scatter Plot y = 94.946x + 54585 R = 0.8842 00.000

Scatter Plot y = 94.946x + 54585 R = 0.8842 00.000

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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y = 94.946x + 54585 R? = 0.8842 Scatter Plot 700,000 600,000 500,000 400,000 300,000 200,000 100,000 1,000 2,000 3,000 4,000 5,000 6,000
Transcribed Image Text:y = 94.946x + 54585 R? = 0.8842 Scatter Plot 700,000 600,000 500,000 400,000 300,000 200,000 100,000 1,000 2,000 3,000 4,000 5,000 6,000
Examine the slopeb1 and intercept bo. o Draw conclusions from the slope and intercept in the context of this problem. · Does the intercept make sense based on your observation of the line of best fit? o Determine the value of the land only. Note: You can assume, when the square footage of the house is zero, that the price is the value of just the land. This happens when x=0, which is the y-intercept. Does this value make sense in context? • Determine the R-squared Coefficient: Determine the R-squared value. o Discuss what R-squared means in the context of this analysis.
Transcribed Image Text:Examine the slopeb1 and intercept bo. o Draw conclusions from the slope and intercept in the context of this problem. · Does the intercept make sense based on your observation of the line of best fit? o Determine the value of the land only. Note: You can assume, when the square footage of the house is zero, that the price is the value of just the land. This happens when x=0, which is the y-intercept. Does this value make sense in context? • Determine the R-squared Coefficient: Determine the R-squared value. o Discuss what R-squared means in the context of this analysis.
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