PODStat6 5.2.029.
An article on the cost of housing in California that appeared in the San Luis Obispo Tribune†included the following statement: "In Northern California, people from the San Francisco Bay area pushed into the Central Valley, benefiting from home prices that dropped on average $4,000 for every mile traveled east of the Bay area." If this statement is correct, what is the slope of the least-squares line,
Å· = a + bx,
where
y = house
price (in dollars) and
x = distance
east of the Bay (in miles)?