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
Using the accompanying Home Market Value data and associated regression line,
Feet, compute the errors associated with each observation using the formula
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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