Question: For the House Selling Prices FL data file on the text CD, MINITAB results of a regression analysis are shown for 100 homes relating y
For the House Selling Prices FL data file on the text CD, MINITAB results of a regression analysis are shown for 100 homes relating y = selling price (in dollars) to x = the size of the house (in square feet).
a. Show all steps of a two-sided significance test of independence. Could the sample association between these two variables be explained by random variation?
b. Show that a 95% confidence interval for the population slope is (64, 90).
c. A builder had claimed that the selling price increases $100, on average, for every extra square foot. Based on part b, what would you conclude about this claim?
House selling prices and size of home
.png)
Predictor Coef SE Coef Constant size 9161 10760 0.85 0.397 77.0086.626 11.62 0.000
Step by Step Solution
3.31 Rating (172 Votes )
There are 3 Steps involved in it
a i Assumptions Assume randomization linear trend with normal conditional distribution for y and the ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
531-M-S-Q-M (1601).docx
120 KBs Word File
