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The accompanying data file shows the square footage and associated property taxes for 20 homes in...

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Basic Math

The accompanying data file shows the square footage andassociated property taxes for 20 homes in an affluent suburb 30miles outside of New York City. Estimate a home’s property taxes asa linear function of its square footage. At the 5% significancelevel, is square footage significant in explaining property taxes?Show the relevant steps of the test.

Please use Minitab and explain the various steps involved.

Property TaxesSquare Footage
219282449
173392479
182291890
156931000
439885665
336842573
151872200
167061964
182252092
160731380
151871330
360063016
310432876
420073334
143981566
389684000
253624011
229072400
162003565
292352864

Answer & Explanation Solved by verified expert
4.2 Ratings (559 Votes)
Using Minitab Stat Regression Regression FitRegression Model we get    See Answer
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