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The data shows the list and selling prices for homes. Find regression equation letting the list price be independent x variable. Find the best predicted selling price of a home having a list price of $4 million. Is the result close to the actual selling price of $4.3 million? Significance level is 0.05.

List price millions 3.1, 3.4, 4.3, 3.7, 4.2, 3.4

Selling price millions 3.2, 3.5, 4.6, 4.1, 4.4, 3

What is the regression equation? y hat = __ +__

What is the best predicted selling price of $2 million?

is the result close enough to actual selling price of $1.5 million?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9998979

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