Let's look at the relationship between hour Price (in thousands of dollars) and house Size (in thousands of square feet) In Saratoga. The relationship is Price-3.117 +94.454 Size with r=0.77 a. You go to an open house and find that the house is 1 standard deviation above the mean in size. What would you guess about its price? type your answer... b. You read an ad for a house priced 2 standard deviations below the mean. What would you guess about its size? type your answer... c. What does the slope of 94.454 mean? type your answer...

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 19PPS
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X
Let's look at the relationship between hour Price (in thousands of dollars) and house Size (in thousands of square feet) in Saratoga. The relationship is
Price-3.117 +94.454 Size with r=0.77
a. You go to an open house and find that the house is 1 standard deviation above the mean in size. What would you guess about its price?
type your answer...
b. You read an ad for a house priced 2 standard deviations below the mean. What would you guess about its size?
type your answer...
c. What does the slope of 94.454 mean?
type your answer...
d. What are the units of the slope?
type your answer...
e. Your house is 2000 sq ft bigger than your neighbor's house. How much more do you expect it to be worth?
type your answer...
f. Is the y-intercept of -3.117 meaningful? Explain.
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Transcribed Image Text:V X Let's look at the relationship between hour Price (in thousands of dollars) and house Size (in thousands of square feet) in Saratoga. The relationship is Price-3.117 +94.454 Size with r=0.77 a. You go to an open house and find that the house is 1 standard deviation above the mean in size. What would you guess about its price? type your answer... b. You read an ad for a house priced 2 standard deviations below the mean. What would you guess about its size? type your answer... c. What does the slope of 94.454 mean? type your answer... d. What are the units of the slope? type your answer... e. Your house is 2000 sq ft bigger than your neighbor's house. How much more do you expect it to be worth? type your answer... f. Is the y-intercept of -3.117 meaningful? Explain. # 3 e d C C 44 $ r f V % 5 t g Oll A 6 b DELL y h & 7 n O u j 00 * 8 O m i ( 9 k 41 O ) O alt 1 P < 31 e : ; ctrl { [ 1 = ? S 1 < } backs نا 1
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