We want to predict the selling price of a house in Newburg Park, Florida, based on the distance the house lies from the

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We Want To Predict The Selling Price Of A House In Newburg Park Florida Based On The Distance The House Lies From The 1 (58.21 KiB) Viewed 57 times

We want to predict the selling price of a house in Newburg Park, Florida, based on the distance the house lies 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 sold in Newburg Park in the past year. The data are plotted in the scatter plot in Figure 1. Also given are the products of the distances from the beach and house prices for each of the sixteen houses. (These products, written in the column labelled "xy," may aid in calculations.) ху Distance from the beach, x (in miles) 10.2 2.4 12.6 350 13.3 12.3 11.7 Selling price, y (in thousands of dollars) 286.1 314.4 232.9 183.3 206.8 275.6 212.5 311.1 215.4 300 7.2 6.8 250+ 2918.22 754.56 2934.54 2437.89 2543.64 3224.52 1530 2115.48 4027.98 1190.64 1490.23 2103.92 2537.46 1640.29 3666.56 2097.36 18.7 4.4 200 270.6 6.1 9.1 12.7 244.3 231.2 150 0 10 14 20 199.8 268.9 269.6 6.1 13.6 7.2 Figure 1 291.3 Send data to calculator V Answer the following. Carry your intermediate computations to at least four decimal places, and round your answer as specified below. (If necessary, consult a list of formulas.) What is the value of the slope of the least-squares regression line for these data? Round your answer to at least two decimal places. D Х 5 ?