Question

One of the biggest factors in determining the value of a home is the square footage. The accompanying data represent the squa
(c) Determine the linear correlation coefficient between square footage and asking price. ra (Round to three decimal places a
(d) Is there a linear relation between square footage and asking price? Yes O No (e) Find the least-squares regression line t
(Round to two decimal places as needed.) O E. It is not appropriate to interpret the slope. (g) Is it reasonable to interpret
0 0
Add a comment Improve this question Transcribed image text
Answer #1

(b) The plot is:

650 550 450 350 250 150 1000 +++++++++++++++++++++++日 1500 2000 2500 3000 3500 4000 X

(c) r = 0.903

(d) Yes

(e) y = 6.02 + 0.16*x

(f) Option C, 0.16

(g) Option B, 0

(h) greater than, 243

Add a comment
Know the answer?
Add Answer to:
One of the biggest factors in determining the value of a home is the square footage....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • One of the biggest factors in determining the value of a home is the square footage....

    One of the biggest factors in determining the value of a home is the square footage. The accompanying data represent the square footage and selling price​ (in thousands of​dollars) for a random sample of homes for sale in a certain region. Complete all parts below (A.) Which variable is the explanatory variable? a. selling price b. square footage Square Footage, x Selling Price ($000s), y 2221 382.7 3046 353.4 1175 197.2 1938 332.2 3166 630.2 2857    383.9 4086 623.6...

  • One of the biggest factors in determining the value of a home is the square footage....

    One of the biggest factors in determining the value of a home is the square footage. The accompanying data represent the square footage and selling price in thousands of dollars) for a random sample of homes for sale in a certain region. Complete parts (a) through (h) below. square feet, on average. Click the icon to view the housing data. D. For every additional thousand dollars in selling price, the square footage increases by (Round to three decimal places as...

  • One of the biggest factors in determining the value of a home is the square footage....

    One of the biggest factors in determining the value of a home is the square footage. The accompanying data represent the square footage and selling price​ (in thousands of​ dollars) for a random sample of homes for sale in a certain region. Complete parts​ (a) through​ (h) below. Square Footage Selling Price ($000s), y 2095 362.9 3122 364.9 1085 183.2 1935 331.9 3149 626.8 2772 370.3 3963 604.3 2170 370.5 2710 440.8 1695 296 1763 267.5 3723 675.7 (a) Which...

  • (is/is not) (more/less) Square_Feet Price_($000) 1,166 262 3,079 608 1,565 281 1,066 223 2,067 328 2,386...

    (is/is not) (more/less) Square_Feet Price_($000) 1,166 262 3,079 608 1,565 281 1,066 223 2,067 328 2,386 361 905 187 2,929 431 1,365 284 2,908 565 2,944 412 1,309 289 1,828 305 1,629 313 1,884 324 2,267 438 1,134 233 2,593 509 1,115 258 1,749 325 The accompanying data table contains the listed prices (in thousands of dollars) and the number of square feet for 20 homes listed by a realtor in a certain city. Complete parts a through f below....

  • Tests A division of a multinational retail company prepared a presentation to give at the home...

    Tests A division of a multinational retail company prepared a presentation to give at the home office in Paris, France. The presentation includes a scatterplot that shows the relationship between square footage and annual sales in retail outlets owned by the chain. The units in the plot show the size in thousands of square feet and the response in thousands of dollars. A fitted line in the plot is y = 48 +683x. Complete parts a through d below. (a)...

  • Suppose that in a certain neighborhood, the cost of a home (in thousands) is proportional to...

    Suppose that in a certain neighborhood, the cost of a home (in thousands) is proportional to the size of the home in square feet. The regression equation quantifying this relationship is found to be (price) = 0.048*(size) + 39.137. You look more closely at one of the houses selected. The house is listed as having 1383.117 square feet and is listed at a price of $107.544 (thousand). The residual is 2.017. Interpret this residual in terms of the problem. Question...

  • House price y is estimated as a function of the square footage of a house x...

    House price y is estimated as a function of the square footage of a house x and a dummy variable d that equals 1 if the house has ocean views. The estimated house price, measured in $1,000s, is given by yˆy^ = 118.90 + 0.12x + 52.60d. a-1. Compute the predicted price (in $1,000s) of a house with ocean views and square footage of 2,000. (Round intermediate calculations to at least 4 decimal places. Round your answer to 2 decimal...

  • Because coles tend to replace healthier beverages and coles contain caffeine and phosphoric acid, researchers wanted...

    Because coles tend to replace healthier beverages and coles contain caffeine and phosphoric acid, researchers wanted to know whether cola consumption is sssociated with lower bone mineral densly in women. The accompanying data is the typical number of cans of cola consumed in a weak and the femoral nack bona mineral density for a sample of 15 women Complete paris (a) through (ti below Click the icon to view the woren's dala i Data Table colas per week 0 1....

  • This Question: 1 pt 10 of 15 (12 complete) A Data Table One of the biggest...

    This Question: 1 pt 10 of 15 (12 complete) A Data Table One of the biggest factors in determining the value of a home dollars) for a random sample of homes for sale. Complete part Es: Click the icon to view the data table. = Click the icon to view a table of critical values for the corre (a) Which variable is the explanatory variable? O A. Determining the value of a home OB Number of homes OC. Asking price...

  • help! The accompanying equency distribution represents the square footage of a random sample of 500 houses...

    help! The accompanying equency distribution represents the square footage of a random sample of 500 houses that are owner occupied year round Approximate the mean and standard deviation square footage IT Click the icon to view the data table The mean square footage is x = 2.462 (Round to the nearest Integer as needed) The standard deviation square footage is (Round to one decimal place as needed.) Housing Data Frequency Square footage 0 - 499 500 - 999 1000 -...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT