(a) Interpret the slope of the fitted regression Sales = 842 - 37.5 Price. (b) If Price = 20, what is the prediction for Sales? (c) Would the intercept be meaningful if this regression represents DVD sales at Blockbuster?
(a) Interpret the slope of the fitted regression Home Price = 125,000 + 150 Square Feet. (b) What is the prediction for Home Price if Square Feet = 2,000? (c) Would the intercept be meaningful if this regression applies to home sales in a certain subdivision?