Table B. 24 contains data on median family home rental price and other data for 51 US

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Table B. 24 contains data on median family home rental price and other data for 51 US cities. Fit a linear regression model using the median home rental price as the response variable and median price per square foot as the predictor variable.

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a. Test for significance of regression.

b. Find a $95 %$ CI on the slope in this model.

c. Does this predictor do an adequate job of explaining the variability in home rental prices?


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Introduction To Linear Regression Analysis

ISBN: 9781119578727

6th Edition

Authors: Douglas C. Montgomery, Elizabeth A. Peck, G. Geoffrey Vining

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