Question: Set up an Excel worksheet to apply formulas (8.5) and (8.6) to compute the values of b 0 and b 1 for the data in
Set up an Excel worksheet to apply formulas (8.5) and (8.6) to compute the values of b0 and b1 for the data in the Excel file Home Market Value.
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Formula 8.5:
Formula 8.6:
| Home Market Value | ||
| House Age | Square Feet | Market Value |
| 33 | 1,812 | $90,000.00 |
| 32 | 1,914 | $104,400.00 |
| 32 | 1,842 | $93,300.00 |
| 33 | 1,812 | $91,000.00 |
| 32 | 1,836 | $101,900.00 |
| 33 | 2,028 | $108,500.00 |
| 32 | 1,732 | $87,600.00 |
| 33 | 1,850 | $96,000.00 |
| 32 | 1,791 | $89,200.00 |
| 33 | 1,666 | $88,400.00 |
| 32 | 1,852 | $100,800.00 |
| 32 | 1,620 | $96,700.00 |
| 32 | 1,692 | $87,500.00 |
| 32 | 2,372 | $114,000.00 |
| 32 | 2,372 | $113,200.00 |
| 33 | 1,666 | $87,500.00 |
| 32 | 2,123 | $116,100.00 |
| 32 | 1,620 | $94,700.00 |
| 32 | 1,731 | $86,400.00 |
| 32 | 1,666 | $87,100.00 |
| 28 | 1,520 | $83,400.00 |
| 27 | 1,484 | $79,800.00 |
| 28 | 1,588 | $81,500.00 |
| 28 | 1,598 | $87,100.00 |
| 28 | 1,484 | $82,600.00 |
| 28 | 1,484 | $78,800.00 |
| 28 | 1,520 | $87,600.00 |
| 27 | 1,701 | $94,200.00 |
| 28 | 1,484 | $82,000.00 |
| 28 | 1,468 | $88,100.00 |
| 28 | 1,520 | $88,100.00 |
| 27 | 1,520 | $88,600.00 |
| 27 | 1,484 | $76,600.00 |
| 28 | 1,520 | $84,400.00 |
| 27 | 1,668 | $90,900.00 |
| 28 | 1,588 | $81,000.00 |
| 28 | 1,784 | $91,300.00 |
| 27 | 1,484 | $81,300.00 |
| 27 | 1,520 | $100,700.00 |
| 28 | 1,520 | $87,200.00 |
| 27 | 1,684 | $96,700.00 |
| 27 | 1,581 | $120,700.00 |
i-1 i-1 nXY n X2 i-1 i-1 nXY n X2
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