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David's Landscaping has collected data on home values (in thousands of $) and expenditures (in thousands of $) on landscaping with the hope of developing

David's Landscaping has collected data on home values (in thousands of $) and expenditures (in thousands of $) on landscaping with the hope of developing a predictive model to help marketing to potential new clients. Data for14households may be found in the fileLandscape. Click on the datafile logo to reference the data.

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David's Landscaping has collected data on home values (in thousands of $) and expenditures (in thousands of $) on landscaping with the hope of developing a predictive model to help marketing to potential new clients. Data for 14 households may be found in the file Landscape. Click on the datafile logo to reference the data. DATA file If required, enter negative values as negative numbers. a. Select a scatter diagram with home value as the independent variable. A. Landscape Expenditures ($1000) 20 . 15 10 5 Home Value ($1000) 200 400 600 800\f@ b. What does the scatter plot developed in part Ea) indicate about the relationship between the two variables? The scatter diaglim indicates a 9 linear relationship between the two variables. 1:. Use the least squares method to develop the estimated regression equation (to 5 decimals}. 5:: 6.3165 9.1+ 0.0214 0 d. For every additional $1000 in home valuef estimate how much additional will be spent on landscaping (to 2 decimals}. $ 21.34 a e. Use the equation estimated in part [c] to predict the landscaping expenditures for a home valued at $575,000 [to the nearest whole number]. as 18.66? (3

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