USE the data sets

(a) Make a scatter plot.

(b) Let Excel estimate the regression line, with fitted equation and R2. (

c) Describe the fit of the regression.

(d) Write the fitted regression equation and interpret the slope.

(e) Do you think that the estimated intercept is meaningful? Explain.

Definitions

Assessed = assessed value in thousands of dollars

Size = usable floor space in square feet

All properties are retail spaces in small shopping malls.

Commercial Property Assessed Value and Floor Space (n = 15 buildings)

	Assessed	Size
	1,796	4,790
	1,544	4,720
	2,094	5,940
	1,968	5,720
	1,567	3,660
	1,878	5,000
	949	2,990
	910	2,610
	1,774	5,650
	1,187	3,570
	1,113	2,930
	671	1,280
	1,678	4,880
	710	1,620
	678	1,820