Question: She uses simple linear regression to analyze the relationships between house size and sale price. Using the collected data, she fit a regression line to
She uses simple linear regression to analyze the relationships between house size and sale price. Using the collected data, she fit a regression line to the points on a scatterplot, where the x-axis represents house size, and the y-axis represents sale price. After performing the regression analysis, she found the regression line equation. ZyBooks 5.1, 5.4, 5.5 Sale Price = 0 + 1 * House Size Sales Price = $124,900 + 225 * SqFt A 2,100 sqft home, Price = $124,900+ 225*2100 = $597,400
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
