Question

Hanna Properties specializes in customhome resales in the Equestrian Estates, an exclusive subdivision in Phoenix, Arizona. A random sample of nine custom homes currently listed for sale provided the following information on size and price. Here, x denotes size, in hundreds of square feet, rounded to the nearest hundred, and y denotes price, in thousands of dollars, rounded to the nearest thousand.
For each exercise here, discuss what satisfying Assumptions 1–3 for regression inferences by the variables under consideration would mean.


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  • CreatedAugust 13, 2015
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