Home Selling Prices, List Prices, and Taxes Refer to Data Set 24 in Appendix B. Caution: The

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Home Selling Prices, List Prices, and Taxes Refer to Data Set 24 in Appendix B.

Caution: The sample values of list prices and selling prices are in thousands of dollars, but the tax amounts are in dollars.

a. Use the paired data consisting of home list price (x) and selling price (y). What is the best predicted selling price of a home with a list price of $200,000?

b. Use the paired data consisting of home selling price (x) and the amount of taxes

(y). What is the best predicted tax bill for a home that sold for $400,000?

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Elementary Statistics

ISBN: 9780201775709

9th Edition

Authors: Mario F. Triola

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