The accompanying table shows a portion of a data set that refers to the size of a home (in square feet) and its property taxes owed by the owner (in $) in an al fluent suburb 30 miles outside New York City. The entire data set, labeled Property_Taxes, can be found on the text website.

a. Determine the sample regression equation that enables us to predict property taxes on the basis of the size of the home.
b. Interpret the slope coefficient.
c. Predict the property taxes for a 1500-square-foothome.

  • CreatedJanuary 28, 2015
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