3.61 According to the National Association of Home Builders, the average size of a home in 1950...

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3.61 According to the National Association of Home Builders, the average size of a home in 1950 was 983 ft2. The average size increased to 1500 ft2 in 1970, 2080 ft2 in 1990; and 2330 ft2 in 2003

(San Luis Obispo Tribune, October 16, 2005).

a. Construct a time series plot that shows how the average size of a home has changed over time.

b. If the trend of the time series plot continued, what would you predict the average home size to have been in 2010?

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Related Book For  book-img-for-question

Introduction To Statistics And Data Analysis

ISBN: 9781305445963

5th Edition

Authors: Roxy Peck, Chris Olsen, Jay L Devore

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