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 Carolina.†Size(1,000s sq. ft)Selling Price($1,000s)1.26117.53.02299.91.99139.00.9145.61.87129.92.63274.92.60259.92.27177.02.30175.02.08189.91.1295.01.3882.11.80169.01.5796.51.45114.9Find the value of the test statistic. (Round your answer to two decimal places.)______________________.(d)Use the estimated regression equation to predict the selling price (in $1,000s) of a 2,100 square foot house in Winston-Salem, North Carolina. (Round your answer to one decimal place.)$_____ thousand

The independent variable is Size. The dependent variable is Price. We have to find the test…

Answered: A statistical program is recommended.…

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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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 Carolina.†

Size (1,000s sq. ft)	Selling Price ($1,000s)
1.26	117.5
3.02	299.9
1.99	139.0
0.91	45.6
1.87	129.9
2.63	274.9
2.60	259.9
2.27	177.0
2.30	175.0
2.08	189.9
1.12	95.0
1.38	82.1
1.80	169.0
1.57	96.5
1.45	114.9

Find the value of the test statistic. (Round your answer to two decimal places.)

______________________.

(d)Use the estimated regression equation to predict the selling price (in $1,000s) of a 2,100 square foot house in Winston-Salem, North Carolina. (Round your answer to one decimal place.)

$_____ thousand

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