Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

listing square Region Stat Count Price feet East South Central ky fayette 227,800 2,085 East South Central ky boyd 213,600 2.104 East South Central al

image text in transcribedimage text in transcribedimage text in transcribed
listing square Region Stat Count Price feet East South Central ky fayette 227,800 2,085 East South Central ky boyd 213,600 2.104 East South Central al marshall 233.700 1,743 East South Central ky christian 325,600 2,390 East South Central al jefferson 317,300 2.351 East South Central al talladega 203,500 1,800 East South Central to robertson 305,600 2.281 East South Central to carter 293,000 2.328 East South Central |ms madison 279,400 2.538 East South Central to wilson 476.600 4.177 East South Central ky scott 217,500 1,964 East South Central to sumner 544.400 4,666 East South Central al mobile 316,300 2.476 East South Central ky hardin 223,600 1,675 East South Central |al calhoun 257100 1,738 East South Central to dickson 250,300 2.140 East South Central al cullman 239,500 1,978 East South Central to anderson 329,700 2.389 East South Central to sullivan 207,500 1,996 East South Central al etowah 167.700 2.372 East South Central al EDnine 289,800 2.468 East South Central to maury 275,300 2.507 East South Central to bradley 181.300 1,973 East South Central al JOSIPEW 252.500 2.199 East South Central |ms lamar 251,400 1,770 East South Central to davidson 326.400 2.585 East South Central ky hopkins 208,000 2.007 East South Central al jackson 284,300 2.417 East South Central to hamblen 309,000 2.482 East South Central ky daviess 239,800 2.118Slope 112.09 ntercept 14,460.00 List Price for a 1,800 square foot home 216,222 Regression Equation y = 112.09x + 14460 Determine r Since the value is close to +1. There is evidence of a strong linear relationship between the 0.899819235 variables. Determine r*2 1.799638469Median Listing Price Mean 274,957 Median 254,800 Standard Deviation 78,850.84 Median Square Feet Mean 2324 Median 2240 Standard Deviation 632.962076 Median Listing Price vs. Median Square Feet y = 112.09x + 14460 R= = 0.8097 600,000 500,000 400,000 Median Listing Price 300,000 200,000 100,000 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000

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

Step: 3

blur-text-image

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

Modern Principles of Economics

Authors: Tyler Cowen, Alex Tabarrok

3rd edition

1429278390, 978-1429278416, 1429278412, 978-1429278393

Students also viewed these Mathematics questions

Question

Where do your students find employment?

Answered: 1 week ago