Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need answer for the B section. The data table found below contains information about the prices and sizes of 112 homes for sale in

I need answer for the B section.

The data table found below contains information about the prices and sizes of

112

homes for sale in an area. The data include a categorical variable Condo (coded as yes or no) which indicates whether the home is a condominium. In a model of the price per square foot in thousands of dollars using the reciprocal of the number of square feet as the explanatory variable, the intercept estimates the variable cost per square foot and the slope of

1/SqFt

estimates the fixed costs present regardless of the size of the home. Complete parts a through e below.

Click the icon to view the data table.

Price/SqFt 1/SqFt Condo
412.54999 0.000268 No
656.3827 0.001664 Yes
469.53922 0.000618 No
461.65007 0.001422 No
392.14421 0.000633 No
352.31107 0.000602 No
356.57307 0.000575 No
363.31793 0.0011 Yes
294.49816 0.000921 Yes
515.30685 0.001558 Yes
285.38618 0.000483 No
429.49192 0.00101 No
517.47385 0.001067 Yes
529.86943 0.001062 No
457.91659 0.000917 No
310.45777 0.000591 Yes
336.31453 0.0003 Yes
447.96861 0.001495 No
494.76812 0.001035 Yes
268.45087 0.000561 No
215.40154 0.000769 No
364.55199 0.000972 Yes
363.43539 0.000463 No
481.22354 0.00108 Yes
288.48916 0.000482 No
491.58709 0.000252 No
407.1886 0.001357 Yes
305.99117 0.000679 No
394.15158 0.000509 No
441.38449 0.000816 Yes
555.39415 0.001393 No
464.38544 0.000467 No
330.14361 0.000441 No
368.41726 0.000263 No
283.34077 0.000245 No
496.90095 0.000315 No
438.0117 0.000487 No
543.0565 0.001412 Yes
424.86443 0.0005 No
453.01032 0.000287 No
438.91946 0.000516 Yes
237.45452 0.000272 No
688.7663 0.001087 Yes
410.13912 0.001637 Yes
293.2176 0.000489 No
453.98162 0.001081 Yes
379.77183 0.000393 No
241.17291 0.000241 No
377.29948 0.000521 No
265.41512 0.000501 No
290.31092 0.000352 No
181.62241 0.000319 No
533.85719 0.000356 No
409.52106 0.001203 No
437.42248 0.001938 Yes
333.1976 0.000333 No
437.08748 0.000366 No
322.52073 0.00068 No
402.98042 0.001224 Yes
406.02474 0.00024 No
433.42161 0.000667 Yes
475.1052 0.001131 No
387.23966 0.001724 Yes
588.50656 0.000453 No
312.30901 0.000329 No
536.20693 0.000223 No
412.0297 0.00055 No
214.81148 0.000452 No
517.41892 0.002252 Yes
328.27508 0.000229 No
337.1573 0.000803 Yes
259.5205 0.000519 No
531.48621 0.000788 Yes
347.59745 0.000387 No
252.24485 0.000389 No
395.4114 0.001239 Yes
317.58327 0.000353 No
483.01026 0.000285 No
407.60136 0.000522 No
413.10367 0.000917 No
386.38544 0.002141 Yes
449.7404 0.000265 No
320.49359 0.00061 No
256.09545 0.001136 Yes
400.25215 0.00123 No
515.18232 0.001842 Yes
509.15465 0.001502 Yes
259.53318 0.000577 No
245.25147 0.000491 No
448.49963 0.000747 No
305.05778 0.001605 Yes
434.62282 0.001934 Yes
390.05441 0.00045 No
468.06466 0.001078 Yes
469.96437 0.000244 No
183.36788 0.000432 No
345.53161 0.000267 No
358.91097 0.000308 No
307.93033 0.000474 No
387.35245 0.001686 Yes
398.69437 0.000569 No
459.77068 0.00094 Yes
353.23776 0.000505 No
431.12803 0.000865 Yes
302.70473 0.001631 Yes
341.27383 0.000711 No
311.80129 0.000462 No
351.19076 0.000402 No
267.82002 0.001192 Yes
439.38936 0.001401 Yes
420.27069 0.001403 Yes
314.48493 0.000175 No

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Business Mathematics In Canada

Authors: F. Ernest Jerome, Jackie Shemko

3rd Edition

1259370151, 978-1259370151

More Books

Students also viewed these Mathematics questions

Question

How much total compensation, including benefi ts, can be provided?

Answered: 1 week ago