(c) If the fitted model was y = 7.264 +0.914x, we can say that an increase of $1 in listing price is associated with an increase of $0.914 in average selling price. an increase of $0.914 in listing price is associated with an increase of $1 in average selling price. an increase of $1 in listing price is associated with an increase of $914 in average selling price. an increase of $1000 in listing price is associated with an increase of $914
(c) If the fitted model was y = 7.264 +0.914x, we can say that an increase of $1 in listing price is associated with an increase of $0.914 in average selling price. an increase of $0.914 in listing price is associated with an increase of $1 in average selling price. an increase of $1 in listing price is associated with an increase of $914 in average selling price. an increase of $1000 in listing price is associated with an increase of $914
Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.4: Cicumference And Area Of A Cicle
Problem 46E: A tabletop is semicircular when its three congruent drop-leaves are used. By how much has the tables...
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To determine if the listing price of a house influences the selling price; a financial analyst sampled fifty houses and collected data on sale price,Y,(in $’000) and listed price,X,(in$’000) and fitted a regression model to the data
Transcribed Image Text:(c) If the fitted model was y
=
7.264+0.914x, we can say that
an increase of $1 in listing price is associated with an increase of $0.914 in average selling price.
an increase of $0.914 in listing price is associated with an increase of $1 in average selling price.
an increase of $1 in listing price is associated with an increase of $914 in average selling price.
an increase of $1000 in listing price is associated with an increase of $914
4
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