Recent family home sales in San Antonio provided the following
Recent family home sales in San Antonio provided the following data (San Antonio Realty Watch website, November 2008).
a. Develop the estimated regression equation that can be used to predict the sales prices given the square footage.
b. Construct a residual plot of the standardized residuals against the independent variable.
c. Do the assumptions about the error term and model form seem reasonable in light of the residual plot?
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