On the Weiss Stats CD are data on home size (in square feet) and assessed value (in thousands of dollars) for the same homes as in Exercise 14.33.
a. Obtain and interpret the standard error of the estimate.
b. Obtain a residual plot and a normal probability plot of the residuals.
c. Decide whether you can reasonably consider Assumptions 1–3 for regression inferences met by the two variables under consideration.