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A real estate agent would like to predict the selling prices of single family homes from their living areas. He takes a sample of 11
A real estate agent would like to predict the selling prices of single family homes from their living areas. He takes a sample of 11 recently sold houses and records the selling prices (in thousands of dollars) as well as the living areas (in hundreds of square feet). They are: Area Price 20.0 89.5 14.8 79.9 20.5 83.1 12.5 56.9 Construct a scatter plot and interpret it. (b) Find a linear equation which models the relationship between price and area
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