A regression model from the collection of houses in Exercise 15 shows the following: a) The slope

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A regression model from the collection of houses in Exercise 15 shows the following:
A regression model from the collection of houses in Exercise

a) The slope of Age is negative. Does this indicate that older houses cost less, on average? Explain.
b) Why did the model subtract 38.5122 from Age in the quadratic term?

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Business Statistics

ISBN: 9780321925831

3rd Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

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