Click here for the Excel Data File Choose the dependent variable (the response variable to be "explained") and the independent variable (the predictor or explanatory variable). Dependent Variable Median Price Median Income Independent Variable Median Price Median Income Obtain the regression equation. (Round your answers to 3 decimal places.) Y = [ ] X + [ ] Calculate R^2. (Round your answer to 3 decimal places.) R^2 [ .188 ]
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Choose the dependent variable (the response variable to be explained) and the independent variable (the predictor or explanatory variable): Since we want to explain the median price of houses based on the median income, we will choose: Dependent Variable: Median Show more…
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