A house in the upstate New York area from which the chapter data was drawn has 2
Question:
Price = 20,986.09 - 7483.10Bedrooms + 93.84Living Area.
a) Find the price that this model estimates.
b) The house just sold for $135,000. Find the residual corresponding to this house.
c) What does that residual say about this transaction?
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a 2098609 748310 2 93841000 9985989 b The re...View the full answer
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Related Book For 
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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