To Table 13.1 add one more observation that happens to be a custom-built property, priced dissimilarly to
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To Table 13.1 add one more observation that happens to be a custom-built property, priced dissimilarly to other properties:Recalculate the regression equation. How did the regression model change?
Data from table 13.1
Transcribed Image Text:
Market Price ($ thousands) 450.0 Total Number of Square Feet 1,800 Age of Ware- house (Years) 2
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After adding the custombuilt property the new observation becomes ...View the full answer
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Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo
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