The least-squares regression line Sˆ=0.5+1.1L models the relationship between the listing price and the actual sales price of 12 houses, wit

Question

The least-squares regression line Sˆ=0.5+1.1L models the relationship between the listing price and the actual sales price of 12 houses, with both amounts given in hundred-thousands of dollars. Let L represent the listing price and S represent the sales price.

in progress 0
Hưng Khoa 2 weeks 2021-07-18T22:58:40+00:00 2 Answers 2 views 0

Answers ( )

    0
    2021-07-18T22:59:45+00:00

    Answer:

    Answer E

    Step-by-step explanation:

    Nondeterministic language (predicted, on average, estimated, etc.) is used, and the correct increase is indicated.

    0
    2021-07-18T22:59:46+00:00

    Answer:

    For each hundred-thousand-dollar increase in the listing price, the sales price is predicted to increase by $110,000.

    Step-by-step explanation:

    The sales price is not predicted to increase by $1.1; it is predicted to increase by $110,000 because S is measured in hundred-thousands of dollars. The sales price will not decrease by $110,000; it is predicted to increase by $110,000.

Leave an answer

Browse

Giải phương trình 1 ẩn: x + 2 - 2(x + 1) = -x . Hỏi x = ? ( )