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Suppose price of a house in $1000 dollars depends on the size of the house in 1000 square feet.
We have the following data:
a. Calculate the correlation coefficient between the size and price and classify it.
b. Hand estimate the regression equation relating price to the size of the house.
c. Estimate the standard error of the regression. c. Estimate price of a 3500 square feet house.
Price Size 4805403508905906708503552.22.11.33.33.22.82.21.8

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  • 1. Suppose price of a house in $1000 dollars depends on the size of the house in 1000 square feet. We have the following data: a. Calculate the correlation coefficient between the size and price and classify it. b. Hand estimate the regression equation relating price to the size of the house. c. Estimate the standard error of the regression. c. Estimate price of a 3500 square feet house. Price Size 4805403508905906708503552.22.11.33.33.22.82.21.8