Question: For a random sample of seven homes that were recently sold in a city suburb, the assessed values x and the selling prices y are

For a random sample of seven homes that were recently sold in a city suburb, the assessed values x and the selling prices y are

(a) Plot the scatter diagram.
(b) Determine the equation of the least squares regression line and draw this line on the scatter diagram.
(c) Construct a 95% confidence interval for the slope of the regression line. Interpret.

$1000) ($1000) 283.5 288.0 290.0 291.2 270.5 276.2 300.8 307.0 310.2 311.0 294.6 299.0 320.0 318.0

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a b c Using Minitab we have Total x 2835 290 2705 320 3008 3102 310 300 So we have 290 280 2... View full answer

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