The accompanying data file shows the square footage and associated property taxes for 20 homes in an

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The accompanying data file shows the square footage and associated property taxes for 20 homes in an affluent suburb 30 miles outside New York City.

a. Estimate a home's property taxes as a linear function of the size of the home (measured by its square footage).

b. What proportion of the sample variation in property taxes is explained by the home's size?

c. What proportion of the sample variation in property taxes is unexplained by the home's size?

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Business Statistics Communicating With Numbers

ISBN: 9780078020551

2nd Edition

Authors: Sanjiv Jaggia, Alison Kelly

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Question Posted: Dec 20, 2016 09:32 AM

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The accompanying data file shows the square footage and associated property taxes for 20 homes in an

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a Excel Output Regression Statistics Multiple R 0758682 R Square 0575598 Adj R ...View the full answer

Business Statistics Communicating With Numbers

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