Essay
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
-Construct and interpret a 95% confidence interval for the population slope.
Correct Answer:

Verified
df = 46, so t* = 2.013
0.0643
0.0246...View Answer
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Correct Answer:
Verified
0.0643
View Answer
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