The median price (in thousands of dollars) of existing homes in a certain metropolitan area from 1989
Question:
The median price (in thousands of dollars) of existing homes in a certain metropolitan area from 1989 to 1999 was:
(a) Find an equation of the least squares line for these data.
(b) Estimate the median price of a house in the year 2005, and the year 2010, assuming that the trend continues.
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ANSWER To find the equation of the least squares line for the given data we need to first calculate ...View the full answer
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