Using the Queens data and results from Problem 3, do the following: (a) Find the least-squares regression
Question:
(a) Find the least-squares regression line, treating square footage as the explanatory variable.
(b) Interpret the slope and y-intercept, if appropriate.
(c) Is the rent on the 825-square-foot apartment in the data above or below average among 825-square-foot apartments?
Transcribed Image Text:
Queens (New York City) Nassau Countv (Long Island) Square Footage,x 500 588 Rent per Square Month, y | Footage,x Rent per 650 1215 2000 1655 1250 1805 2700 1200 1250 2350 3300 3100 1100 588 1250 556 825 743 660 975 1429 800 1906 1077 Month, y 1875 1075 1775 1050 1300 1475 1315 1400 1900 1650 4625 1395 1000 688 825 460 1259 650 560 1073 1452 1305
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a In Problem 2 we computed the correlation coefficient Rounded to eight decimal places it is r 09092...View the full answer
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