The regression equation HomePrice = 51.3 + 2.61 Income was estimated from a sample of 34 cities
Question:
(a) Interpret the slope.
(b) Is the intercept meaningful? Explain.
(c) Make a prediction of HomePrice when Income 5 50 and also when Income 5 100.
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Related Book For
Applied Statistics In Business And Economics
ISBN: 9780073521480
4th Edition
Authors: David Doane, Lori Seward
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