Real Estate Prices The data relatingthe square feet of living space and the sellingprice
Chapter 3, Problem 16(choose chapter or problem)
Real Estate Prices The data relatingthe square feet of living space and the sellingprice of 12 residential properties given in Example 3.5are reproduced here. First, find the best-fitting line thatdescribes these data, and then plot the line and the datapoints on the same graph. Comment on the goodnessof the fitted line in describing the selling price of a residentialproperty as a linear function of the square feetof living area.Residence x (sq. ft.) y (in thousands)1 1360 $278.52 1940 375.73 1750 339.54 1550 329.85 1790 295.66 1750 310.37 2230 460.58 1600 305.29 1450 288.610 1870 365.711 2210 425.312 1480 268.8
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