Question: David's Landscaping has collected data on home values ( in thousands of $ ) and expenditures ( in thousands of $ ) on landscaping with
David's Landscaping has collected data on home values in thousands of $ and expenditures in thousands of $ on landscaping with the hope of developing a predictive model to help marketing to potential new clients. Data for households may be found in the file Landscape. Click on the datafile logo to reference the data.
If required, enter negative values as negative numbers.
a Select a scatter diagram with home value as the independent variable.
A
B
C
Graph B
b What does the scatter plot developed in part a indicate about the relationship between the two variables?
The scatter diagram indicates a
positive
linear relationship between the two variables.
c Use the least squares method to develop the estimated regression equation to decimals
d For every additional in home value, estimate how much additional will be spent on landscaping to decimals
$
e Use the equation estimated in part c to predict the landscaping expenditures for a home valued at to the nearest whole number
$
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