A real estate agency is interested in studying the relationship between the number of bedrooms in a house and the house selling prices. The variables are as follows: X = number of bedrooms y = selling price (in dollars) A report summarizing the number of bedrooms and house selling prices states that x = 2.99 Sx = 0.6590 y = 126698 Syy = 314433000000 r = .3634 n = 100 a. Compute sy. b. Compute Sxx. C. What is the regression equation?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 94E
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4. A real estate agency is interested in studying the relationship between the number of
bedrooms in a house and the house selling prices. The variables are as follows:
x = number of bedrooms
y = selling price (in dollars)
A report summarizing the number of bedrooms and house selling prices states that
x = 2.99 sx = 0.6590 y = 126698 Syy = 314433000000 r = .3634 n = 100
a. Compute Sy.
b. Compute Sxx.
C. What is the regression equation?
d.
What is the coefficient of determination?
e.
What is the interpretation of Bo?
f. What is the interpretation of ₁?
g. Construct and interpret a 95% confidence interval for ₁ if the MSE =
2784834480.
Transcribed Image Text:4. A real estate agency is interested in studying the relationship between the number of bedrooms in a house and the house selling prices. The variables are as follows: x = number of bedrooms y = selling price (in dollars) A report summarizing the number of bedrooms and house selling prices states that x = 2.99 sx = 0.6590 y = 126698 Syy = 314433000000 r = .3634 n = 100 a. Compute Sy. b. Compute Sxx. C. What is the regression equation? d. What is the coefficient of determination? e. What is the interpretation of Bo? f. What is the interpretation of ₁? g. Construct and interpret a 95% confidence interval for ₁ if the MSE = 2784834480.
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