The data in the table below are the results of a random sample of recent home sa

Question

The data in the table below are the results of a random sample of recent home sales in your neighborhood that your boss has asked you to use to estimate the relationship between the selling price of the house and the number of square feet in it. Observation Number - 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15. Sale Price (in thousands) - 280, 328, 281, 293, 263, 291, 320, 256, 311, 352, 288, 356, 293, 272, 308. Square Feet (in hundreds) - 20.3, 30.0, 21.5, 25.4, 14.5, 22.3, 31.0, 37.2, 27.1, 30.2, 21.2, 37.2, 23.0, 26.7, 26.5. a. First plot the data, with number of square feet on the

Explanation / Answer

Square feet is the independent variable since the price depends on the amount of area but the amount of area does not depend on the price..!

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