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The data from Exercise 14 33 for lot size in acres

The data from Exercise 14.33 for lot size (in acres) and assessed value (in thousands of dollars) for a sample of homes in a particular area are on the WeissStats CD.

a. Decide whether you can reasonably apply the regression t-test. If so, then also do part (b).

b. Decide, at the 5% significance level, whether the data provide sufficient evidence to conclude that the predictor variable is useful for predicting the response variable.

a. Decide whether you can reasonably apply the regression t-test. If so, then also do part (b).

b. Decide, at the 5% significance level, whether the data provide sufficient evidence to conclude that the predictor variable is useful for predicting the response variable.

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