Question: David's Landscaping has collected data on home values (in thousands of $) and expenditures (in thousands of $) on landscaping with the hope of

David's Landscaping has collected data on home values (in thousands of $)and expenditures (in thousands of $) on landscaping with the hope ofdeveloping a predictive model to help marketing to potential new clients. Data

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 14 households may be found in the file Landscape. Click on the datafile logo to reference the data. DATA file If required, enter negative values as negative numbers. a. Select a scatter diagram with home value as the independent variable. A. Landscape Expenditures ($1000) B. 20 15 10 20 15 200 Landscape Expenditures ($1000) Home Value ($1000) 400 600 800 Home Value ($1000) C. 15 10 20 Landscape Expenditures ($1000) 200 400 600 Home Value ($1000) 800 Select your answer - b. What does the scatter plot developed in part (a) indicate about the relationship between the two variables? The scatter diagram indicates a - Select your answer - linear relationship between the two variables. c. Use the least squares method to develop the estimated regression equation (to 5 decimals). = x + d. For every additional $1000 in home value, estimate how much additional will be spent on landscaping (to 2 decimals). OF $ e. Use the equation estimated in part (c) to predict the landscaping expenditures for a home valued at $575,000 (to the nearest whole number). $ UF A B 123 1 Home Value ($1000) Landscape Expenditures ($1000) 242 8.1 321 10.8 4 198 12.2 5 340 16.2 60 300 15.6 7 400 18.9 00 8 800 23.5 9 200 9.5 10 521 17.5 11 547 22 12 437 13 464 14 635 12.1 14 17.9 15 356 13.9 569 16 17 18 19 20 C D

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