The accompanying data table contains the listed prices (in thousands of dollars) and the number of square feet for 20
Posted: Wed May 11, 2022 9:37 am
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.
What is the correct interpretation of the intercept?
Select the correct choice below and fill in the
answer box(es) within your choice.
(Round to three decimal places as needed.)
A.The intercept is enter your response here square feet per
thousand dollars. For every thousand dollar increase, average
size increases by
enter your response heresquare feet.
B.The intercept is enter your response here
thousand dollars per square foot. For every one square
foot increase, average prices increase by enter your response
here thousand dollars.
C.The intercept of enter your response here
thousand dollars is a large extrapolation and not directly
interpretable.
D.The intercept of enter your response here thousand dollars
represents the average cost of the land.
Data Table Square Feet 2,201 2,824 1,502 867 1,846 2,596 3,086 2,684 1,718 2,618 3,083 2,102 2,201 2,477 1,849 1,896 1,204 2,424 1,984 2,257 Price (5000) 339 566 274 204 306 388 599 462 341 441 428 367 352 481 362 381 241 481 412 349
thousands of dollars) and the number of square feet for
20
homes listed by a realtor in a certain city.
- The Accompanying Data Table Contains The Listed Prices In Thousands Of Dollars And The Number Of Square Feet For 20 1 (15.64 KiB) Viewed 26 times
Select the correct choice below and fill in the
answer box(es) within your choice.
(Round to three decimal places as needed.)
A.The intercept is enter your response here square feet per
thousand dollars. For every thousand dollar increase, average
size increases by
enter your response heresquare feet.
B.The intercept is enter your response here
thousand dollars per square foot. For every one square
foot increase, average prices increase by enter your response
here thousand dollars.
C.The intercept of enter your response here
thousand dollars is a large extrapolation and not directly
interpretable.
D.The intercept of enter your response here thousand dollars
represents the average cost of the land.
Data Table Square Feet 2,201 2,824 1,502 867 1,846 2,596 3,086 2,684 1,718 2,618 3,083 2,102 2,201 2,477 1,849 1,896 1,204 2,424 1,984 2,257 Price (5000) 339 566 274 204 306 388 599 462 341 441 428 367 352 481 362 381 241 481 412 349