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Use the Following

Question 64

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Use the following
A quantitatively savvy, young couple is interested in purchasing a home in northern New York. They collected data on 48 houses that had recently sold in the area. They want to predict the selling price of homes (in thousands of dollars) based on the size of the home (in square feet).
The regression equation is Price (in thousands) = 17.1 + 0.0643 Size (sq. ft.)
Use the following A quantitatively savvy, young couple is interested in purchasing a home in northern New York. They collected data on 48 houses that had recently sold in the area. They want to predict the selling price of homes (in thousands of dollars) based on the size of the home (in square feet). The regression equation is Price (in thousands) = 17.1 + 0.0643 Size (sq. ft.) S = 48.5733 R-Sq = 37.5% R-Sq(adj) = 36.1% Predicted Values for New Observations -What is the estimated slope in this regression model? Interpret the slope in context.
S = 48.5733 R-Sq = 37.5% R-Sq(adj) = 36.1%
Predicted Values for New Observations
Use the following A quantitatively savvy, young couple is interested in purchasing a home in northern New York. They collected data on 48 houses that had recently sold in the area. They want to predict the selling price of homes (in thousands of dollars) based on the size of the home (in square feet). The regression equation is Price (in thousands) = 17.1 + 0.0643 Size (sq. ft.) S = 48.5733 R-Sq = 37.5% R-Sq(adj) = 36.1% Predicted Values for New Observations -What is the estimated slope in this regression model? Interpret the slope in context.
Use the following A quantitatively savvy, young couple is interested in purchasing a home in northern New York. They collected data on 48 houses that had recently sold in the area. They want to predict the selling price of homes (in thousands of dollars) based on the size of the home (in square feet). The regression equation is Price (in thousands) = 17.1 + 0.0643 Size (sq. ft.) S = 48.5733 R-Sq = 37.5% R-Sq(adj) = 36.1% Predicted Values for New Observations -What is the estimated slope in this regression model? Interpret the slope in context.
-What is the estimated slope in this regression model? Interpret the slope in context.

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b1 = 0.06427
For a increase of ...

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