Question: For the data in table 8.3, the sizes of the corresponding lots are: 18,200 12,900 10,060 14,500 76,670 22,800 10,880 10,880 23,090 10,875 3,498 42,689

For the data in table 8.3, the sizes of the corresponding lots are:

18,200 12,900 10,060 14,500 76,670 22,800 10,880 10,880 23,090 10,875 3,498 42,689 17,790 38,330 18,460 17,000 15,710 14,180 19,840 9,150 40,511 9,060 15,038 5,807 16,000 3,173 24,000 16,600.

Use a computer to verify that the least squares regression line for estimating the selling price, based on the size of the lot, is Yˆ = 11X +436,834.

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