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# Use the following to answer the questions below:A quantitatively savvy, young couple is interested ...

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Use the following to answer the questions below:

A quantitatively savvy, young couple is interested in purchasing a home in northern New York. They collected data on 48 houses that had recently sold in the area. They want to predict the selling price of homes (in thousands of dollars) based on the size of the home (in square feet).

The regression equation is Price (in thousands) = 17.1 + 0.0643 Size (sq. ft.)

 Predictor Coef SE Coef T P Constant 17.06 24.59 0.69 0.491 Size (sq. ft.) 0.06427 0.01224 5.25 0.000
S = 48.5733   R-Sq = 37.5%        R-Sq(adj) = 36.1%

Predicted Values for New Observations

 Size (sq. ft.) Fit SE Fit 95% CI 95% PI 2000 145.61 7.07 (131.38, 159.83) (46.80, 244.41)

Construct a 95% confidence interval for the population slope.

▸ 0.0395 to 0.0891

▸ 0.0397 to 0.0889

▸ 0.0392 to 0.0894

▸ 0.0389 to 0.0897
Textbook

## Statistics: Unlocking the Power of Data

Edition: 3rd
Authors:
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olsondiolsondi
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 I appreciate what you did here, answered it right
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 Brilliant ツ
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