We Want To Predict The Selling Price Of A House In Newburg Park Horida Based On The Distance The House Lins From The B 1 (29.71 KiB) Viewed 74 times
We Want To Predict The Selling Price Of A House In Newburg Park Horida Based On The Distance The House Lins From The B 2 (15.67 KiB) Viewed 74 times
We want to predict the selling price of a house in Newburg Park, Horida, based on the distance the house lins from the beach. Suppose that we're given the data in the table below. These data detail the distance from the beach (x, in miles) and the selling price (y, in thousands of dollars) for each of a sample of sixteen homes vold in Newburg Park in the past year. The data are plotted in the scatter plot in Figure 1. Distance from the beach, (in miles) 5.5 3.5 Selling price, (in thousands of dollars) 269.6 312.6 292.4 235.9 225.4 7.9 9.5 19.7 6.6 219.2 208. 11.3 11.0 16.3 5.2 3 Selling price in thousands of dollars) 282.4 2640 3129 2730 75 250.0 236. 13.1 Distance from the beach (in miles 2734 IL 12.5 1911 121 1900
The value of the sample correlation coefficient for these data is approximately -0.508 Answer the following. Carry your intermediate computations to at least four decimal places, and round your answers as specified below. (at necessary, consulta list of formulas) (a) What is the value of the slope of the least squares regression line for the data? Round your answer to at least two decimal place (6) What is the value of the intercept of the least squares regres online for these data Round your answer to at least two decimal place 0
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