Question: On the WeissStats CD are data on home size (in square feet) and assessed value (in thousands of dollars) for the same homes as in

On the WeissStats CD are data on home size (in square feet) and assessed value (in thousands of dollars) for the same homes as in Exercise 4.67.
a. Obtain a scatterplot for the data.
b. Decide whether finding a regression line for the data is reasonable. If so, then also do parts (c)–(f).
c. Determine and interpret the regression equation for the data.
d. Identify potential outliers and influential observations.
e. In case a potential outlier is present, remove it and discuss the effect.
f. In case a potential influential observation is present, remove it and discuss the effect.

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a Using Minitab with the data in columns named LOT SIZE and VALUE EXPECTANCY choose Graph Scatterplot select the Simple version and click OK Enter VALUE in Row 1 of the Y variables column and in the X ... View full answer

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