Choose one of these three data sets. (a) Make a scatter plot. (b) Let Excel estimate the
Question:
(a) Make a scatter plot.
(b) Let Excel estimate the regression line, with fitted equation and R2.
(c) Describe the t of the regression.
(d) Write the fitted regression equation and interpret the slope.
(e) Do you think that the estimated intercept is meaningful? Explain.
Transcribed Image Text:
Commercial Real Estate (Yassessed value, S000; Xfloor space, sq. ft.) (n15) Assessed Size Assessed 4,790 4,720 5,940 1,796 1,544 2,094 4,880 1,620 1,820 1,678 710 678 Sasnak Co. Salaries (X# employee age; Y employee salary, S000) (n: 23) Salaries Employee Age Salary Mary Frieda Alicia 23 31 28.6 53.3 73.8 Marcia Ellen lggy 75.8 79.8 70.2 36 Poway Big Homes, Ltd. (Xhome size, sq. ft.; Y selling price. S000) (n 20) HomePrice2 SqFt Price 3,570 3,410 2,690 861 740 563 3,020 2,320 3,130 720 575 785
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For each of these the scatter plot will contain the answers to a b and d with respect to the fitted ...View the full answer
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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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