QUESTION 16 An article in Technometrics by S.C. Naruta and Wellington ("Prediction, tancat egression, and a Minimum Sum

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QUESTION 16 An article in Technometrics by S.C. Naruta and Wellington ("Prediction, tancat egression, and a Minimum Sum of Relative Errors Vol. 19, 1977) presents dat on the selling price and annual taxes (x) for 24 houses. The taxes include local, school and county taxes. The data are shown in the following table Sale Price/1000 Taxes/1000 25.9 4.9176 29.5 5.0205 27.9 25 4,5573 29 5.0397 29.9 3.8910 30.9 5.8980 5.6039 359 5.8232 5.2003 6.2712 31.0 30. 5.9592

Sale Price/1000 Taxes/1000 25.9 4.9176 5.0200 25.9 5,0597 3.8910 GO 209 1.6019 5.6282 5.2003 0.2712 30.0 5.0500 0.6069 7.2011 40.5 43.0 375 9,0304 5.0094 37.9 7.5422 2051 6.000 379 389 111602 21400 45.8

36,9 8.2464 41.9 40.5 6,6969 207841 9.0384 5.9894 37.5 37,9 7.5422 8.7951 6,0831 8.3607 37.9 38.9 8.1400 36.9 45.8 9.1416 Calculate the least square estimates of slope and intercept. Slope: 3.324 & Intercept: 13.32 Slope: 3.243 & Intercept: 33.21 Slope: 4,332 & Intercept:23:31 Slope: 2334 & Intercept: 32.13