Data for a sample of houses sold recently in the suburb of a large metropolis ar
ID: 3430930 • Letter: D
Question
Data for a sample of houses sold recently in the suburb of a large metropolis are given below:
Area of House (hundreds of square feet)
Selling Price (thousands of dollars)
20
250
19
220
27
350
28
390
30
320
15
200
25
360
23
290
18
210
35
410
Summarize your findings as an ANOVA table.
Find standard error of the estimate se
Test the hypothesis that Y and X are not related. That is, test H0: b1 = 0 vs. H1: b1
Area of House (hundreds of square feet)
Selling Price (thousands of dollars)
20
250
19
220
27
350
28
390
30
320
15
200
25
360
23
290
18
210
35
410
Explanation / Answer
Summarize your findings as an ANOVA table.
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Find standard error of the estimate se
standard error=31.9739
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Test the hypothesis that Y and X are not related. That is, test H0: b1 = 0 vs. H1: b1
ANOVA table Source SS df MS F p-value Regression 45,621.3450 1 45,621.3450 44.62 .0002 Residual 8,178.6550 8 1,022.3319 Total 53,800.0000 9Related Questions
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