Construct a scatter plot in Excel with FloorArea as the independent variable and AssessmentValue as the dependent variable. Insert the bivariate linear regression equation and r^2 in your graph. Do you observe a linear relationship between the 2 variables? FloorArea (Sq.Ft.) Offices Entrances Age AssessedValue ($'000) 4790 4 2 8 1796 4720 3 2 12 1544 5940 4 2 2 2094 5720 4 2 34 1968 3660 3 2 38 1567 5000 4 2 31 1878 2990 2 1 19 949 2610 2 1 48 910 5650 4 2 42 1774 3570 2 1 4 1187 2930 3 2 15 1113 1280 2 1 31 671 4880 3 2 42 1678 1620 1 2 35 710 1820 2 1 17 678 4530 2 2 5 1585 2570 2 1 13 842 4690 2 2 45 1539 1280 1 1 45 433 4100 3 1 27 1268 3530 2 2 41 1251 3660 2 2 33 1094 1110 1 2 50 638 2670 2 2 39 999 1100 1 1 20 653 5810 4 3 17 1914 2560 2 2 24 772 2340 3 1 5 890 3690 2 2 15 1282 3580 3 2 27 1264 3610 2 1 8 1162 3960 3 2 17 1447

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 17HP
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  • Construct a scatter plot in Excel with FloorArea as the independent variable and AssessmentValue as the dependent variable. Insert the bivariate linear regression equation and r^2 in your graph. Do you observe a linear relationship between the 2 variables?
FloorArea (Sq.Ft.) Offices Entrances Age AssessedValue ($'000)
4790 4 2 8 1796
4720 3 2 12 1544
5940 4 2 2 2094
5720 4 2 34 1968
3660 3 2 38 1567
5000 4 2 31 1878
2990 2 1 19 949
2610 2 1 48 910
5650 4 2 42 1774
3570 2 1 4 1187
2930 3 2 15 1113
1280 2 1 31 671
4880 3 2 42 1678
1620 1 2 35 710
1820 2 1 17 678
4530 2 2 5 1585
2570 2 1 13 842
4690 2 2 45 1539
1280 1 1 45 433
4100 3 1 27 1268
3530 2 2 41 1251
3660 2 2 33 1094
1110 1 2 50 638
2670 2 2 39 999
1100 1 1 20 653
5810 4 3 17 1914
2560 2 2 24 772
2340 3 1 5 890
3690 2 2 15 1282
3580 3 2 27 1264
3610 2 1 8 1162
3960 3 2 17 1447
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