Question

The table shows the asking price (in thousands of dollars) and area (square feet) of 30 homes in a town in Texas. (Source: Yahoo Real Estate, accessed via StatCrunch. Owner: Webster West)
a. Do a complete analysis of the data (with square feet as the independent variable), including the graph, equation, interpretation of slope and intercept, and coefficient of determination.
b. Remove the high-end outlier and do another complete analysis.
c. Explain the changes from part a to part b.


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  • CreatedJuly 16, 2015
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