biggest factors determining the value. Complete parts (a) through (h) below.
Find the least-square regression line using square footage as the explanatory variable.
Data Table:
Square Footage: 2183, 3234, 3811, 1868, 3429, 6137, 3616, 6361, 3853, 3061, 2720, 2264, 2724, 1671
Selling Price ($000s): 381.8, 186.8, 342.9, 613.7, 361.6, 636.1, 385.3, 292.4, 257.5, 707.9, 392.4
Interpret the slope: Select the correct choice below and fill in the answer box to complete your choice.
For every additional thousand dollars, the selling price of square footage increases by (Round to decimal places as needed).
For every additional square foot, the selling price increases by (Round to decimal places as needed) thousand dollars.
It is not appropriate to interpret the slope.
Interpret the y-intercept: Why? Select the correct choice below and fill in the answer box to complete your choice.
A house of 0 square feet is possible and within the scope of the model. (Type an integer or a simplified fraction)
A house of 0 square feet is not possible and outside the scope of the model. (Type an integer or a simplified fraction)
A house of 0 square feet is outside the scope of the model.
