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The square footage is used to predict the sale prices (in thousands of dollars) of nine homes in Akron, OH. The equation of the regression
The square footage is used to predict the sale prices (in thousands of dollars) of nine homes in Akron, OH. The equation of the regression line is: Answers the following in order and label the parts: a), b), (1 pt) a) The explanatory variable is _____ (1 pt) b) The response variable is _____ (1 pt) c) The value of the slope: _____ (3 pts) d) Interpret the slope (within the context of the problem). (1 pt) e) The value of intercept: _____ (1 pt) f) Interpret the intercept. (2 pts) g) Does the value of the intercept make sense or not, explain why or why not
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