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The data show the list and selling prices for several expensive homes. Find the regression? equation,...

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Question

Basic Math

The data show the list and selling prices for several expensivehomes. Find the regression? equation, letting the the list price bethe independent? (x) variable. Find the best predicted sellingprice of a home having a list price of ?$2 million. Is the resultclose to the actual selling price of $1.7 ?million? Use asignificance level of 0.05.

List price__Selling price
4.4_____4.7
2.1_____1.7
4.5______4
3.4______3
1.9_____1.7
2.2_____1.7

Answer & Explanation Solved by verified expert
3.6 Ratings (591 Votes)
Independent variable X List PriceDependent variable Y Selling priceFollowing table    See Answer
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