Solved: Find the regression equation letting the the selling price, Basic Statistics

+44 141 628 6080
[email protected]

Find the regression equation letting the the selling price

Find the regression ?equation, letting the the selling price be the independent? (x) variable. Find the best predicted list price of a home having a selling price of ?$450,000. Use a significance level of 0.05.

Selling price (x) 400 301 380 433 459 478 320 355 416 330

List price (y) 410 319 385 440 490 480 321 368 435 343

Which are true

1. The regression line equation is y = 4.9795 + 1.0179x

2. There is a correlation between List Price and the Selling Price in the table shown above.

3. The best predicted list price of a home having a selling price of ?$450,000 is $463,022.

4. The P-value = 0.0000

5. The test t statistic = 19.21

View Complete Question

Solution Preview :

Prepared by a verified Expert

Basic Statistics: Find the regression equation letting the the selling price

Reference No:- TGS02789325

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Discuss three ethical guidelines that are important

Identify and discuss three ethical guidelines that are important to consider when designing an 8-week group for adolescents who are referred

Describe some of your personality traits

Adler believed that your birth order determines, to a large extent, your personality. He stated that your traits reflect, somehow, how you have achieved

Identify one antecedent, one behaviour, and one consequence

Sahir is the most active student in your kindergarten class. He tends to be very disruptive when the teacher you work with is teaching the class,

Problem concerning consensual sexual relationship

Question: Jena and Ben are employees of Big City Electronics. They began to have a consensual sexual relationship.

Examine historical literature to the most current period

Examine historical literature to the most current period to see the growth of romanticism and EXISTENTIALISM. any major developments

Describe the results, including any scores

Describe the results, including any scores. Result: E6% Extraverted Action oriented, Outgoing, Expressive, Hands-On S17% Sensing Traditional,

Is lifespan psychologists are unlikely to investigate

Lifespan psychologists are unlikely to investigate both changes as well as consistencies that exist in different individuals'

Solution Preview :

Prepared by a verified Expert

Basic Statistics: Find the regression equation letting the the selling price

Reference No:- TGS02789325

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : Barnes enterprises has bonds on the market making annual

Q : Given your certainty equivalent or reservation-price

Q : Illustrate the possible placement of servers including

Q : Isys201 it infrastructure assessment - the isys201

Q : Find the regression equation letting the the selling price

Q : Mark weinstein has been working on an advanced technology

Q : Crowdsourcing in the field of interface design takes tasks

Q : The market price of a security is 48 its expected rate of

Q : What are the main challenges and difficulties in finding a