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Exercise 5 Information. You have been provided with following information for area (x) and rent (y): (1) Mean of x = 240; (2) Standard deviation

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Exercise 5 Information. You have been provided with following information for area (x) and rent (y): (1) Mean of x = 240; (2) Standard deviation of x = 16; (3) Mean of y = 200; (1) Standard deviation of y = 15; and (5) Correlation coefficient = 0.96 Requirements. Describe the methodology you would use to find and apply the linear regression equation Possible steps & Solution 1 . ? ? 2 . ? ? 3 . ? ? 4

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