Using the accompanying Home Market Value data and associated regression​ line, Market ValueMarket Valueequals=​$28,416plus+​$37.066×Square ​Feet, compute the errors associated with each observation using the formula e Subscript ieiequals=Upper Y Subscript iYiminus−ModifyingAbove Upper Y with caret Subscript iYi and construct a frequency distribution and histogram. Square Feet    Market Value1813    911001916    1043001842    934001814    909001836    1020002030    1085001731    877001852    960001793    893001665    884001852    1009001619    967001690    876002370    1139002373    1131001666    875002122    1161001619    946001729    863001667    871001522    833001484    798001589    814001600    871001484    825001483    787001522    877001703    942001485    820001468    881001519    882001518    885001483    765001522    844001668    909001587    810001782    912001483    812001519    1007001522    872001684    966001581    86200

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
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Using the accompanying Home Market Value data and associated regression​ line,

Market ValueMarket Valueequals=​$28,416plus+​$37.066×Square

​Feet, compute the errors associated with each observation using the formula

e Subscript ieiequals=Upper Y Subscript iYiminus−ModifyingAbove Upper Y with caret Subscript iYi

and construct a frequency distribution and histogram.

Square Feet    Market Value
1813    91100
1916    104300
1842    93400
1814    90900
1836    102000
2030    108500
1731    87700
1852    96000
1793    89300
1665    88400
1852    100900
1619    96700
1690    87600
2370    113900
2373    113100
1666    87500
2122    116100
1619    94600
1729    86300
1667    87100
1522    83300
1484    79800
1589    81400
1600    87100
1484    82500
1483    78700
1522    87700
1703    94200
1485    82000
1468    88100
1519    88200
1518    88500
1483    76500
1522    84400
1668    90900
1587    81000
1782    91200
1483    81200
1519    100700
1522    87200
1684    96600
1581    86200

 

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