Question: why is this incorrect? x = Home Value (in $1000s) y = Landscape Expenditures (in $1000s) Data (n = 14): (242, 8.1), (321, 10.8), (198,
why is this incorrect? x = Home Value (in $1000s) y = Landscape Expenditures (in $1000s) Data (n = 14): (242, 8.1), (321, 10.8), (198, 12.2), (340, 16.2), (300, 15.6), (400, 18.9), (800, 23.5), (200, 9.5), (521, 17.5), (547, 22.0), (437, 12.1), (464, 14.0), (635, 17.9), (356, 13.9)
Graph B v Y b. What does the scatter plot developed in part (a) indicate about the relationship between the two variables? The scatter diagram indicates a | positive v Y linear relationship between the two variables. c. Use the least squares method to develop the estimated regression equation (to 5 decimals). = [e242] + 31658 | d. For every additional $1000 in home value, estimate how much additional will be spent on landscaping (to 2 decimals). $ 21.42 Y 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). $ 18626 YStep by Step Solution
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