Homework Help is Here – Start Your Trial Now!
Math
Statistics
A random sample of records of home sales from March 1 to July 1, 2010 from the files maintained by the Charlottesville Board of Realtors gives the Price (in dollars) and Size (in square feet) of 32 homes. regression model is as follows: Predicted Price = 47,820 + [61 x (Size) ] In this context, does the y-intercept have a reasonable interpretation? O a. The intercept does not have a reasonable interpretation in this context. O b. Yes. For every additional square foot in size, the price is predicted to increase by $47,820 O c. Not enough information is available to determine whether or not the intercept has a reasonable interpretation. O d. Yes. The average house price is $47,820

A random sample of records of home sales from March 1 to July 1, 2010 from the files maintained by the Charlottesville Board of Realtors gives the Price (in dollars) and Size (in square feet) of 32 homes. regression model is as follows: Predicted Price = 47,820 + [61 x (Size) ] In this context, does the y-intercept have a reasonable interpretation? O a. The intercept does not have a reasonable interpretation in this context. O b. Yes. For every additional square foot in size, the price is predicted to increase by $47,820 O c. Not enough information is available to determine whether or not the intercept has a reasonable interpretation. O d. Yes. The average house price is $47,820

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 94E
See similar textbooks
icon
Related questions
Question
52
A random sample of records of home sales from March 1 to July 1, 2010 from the files maintained by the Charlottesville Board of Realtors gives the Price (in dollars) and Size (in square feet) of 32 homes. The regression model is as follows: Predicted Price = 47,820 + [61 x (Size) ] In this context, does the y-intercept have a reasonable interpretation? O a. The intercept does not have a reasonable interpretation in this context. O b. Yes. For every additional square foot in size, the price is predicted to increase by $47,820. O c. Not enough information is available to determine whether or not the intercept has a reasonable interpretation O d. Yes. The average house price is $47,820.
Transcribed Image Text:A random sample of records of home sales from March 1 to July 1, 2010 from the files maintained by the Charlottesville Board of Realtors gives the Price (in dollars) and Size (in square feet) of 32 homes. The regression model is as follows: Predicted Price = 47,820 + [61 x (Size) ] In this context, does the y-intercept have a reasonable interpretation? O a. The intercept does not have a reasonable interpretation in this context. O b. Yes. For every additional square foot in size, the price is predicted to increase by $47,820. O c. Not enough information is available to determine whether or not the intercept has a reasonable interpretation O d. Yes. The average house price is $47,820.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
SEE MORE TEXTBOOKS