Math Problem Statement
Use technology to find the equation of the line of best fit,
=
, and the coefficient of determination and interpret the slope, the vertical intercept, and the coefficient of determination. (Round the answers to 3 decimal places.)
i.
=
Select an answer 1000 dollars 10 dollars/sq. foot 100 sq. feet/dollar 100 sq. feet is the Select an answer the change of price per 1 unit of change in square footage the initial square footage the change of square footage per 1 unit of change in price the price when the square footage is zero ;
ii.
=
Select an answer 100 sq. feet/dollar 1000 dollars 100 sq. feet 10 dollars/sq. foot is the Select an answer the change of square footage per 1 unit of change in price the price when the square footage is zero the change of price per 1 unit of change in square footage the initial square footage ;
iii.
2
=
hence there is a Select an answer strong weak no linear relation.
Solution
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Math Problem Analysis
Mathematical Concepts
Linear Regression
Coefficient of Determination
Slope
Y-intercept
Formulas
Equation of the Line of Best Fit: y = mx + b
Coefficient of Determination: R^2 = 1 - (SS_res / SS_tot)
Slope formula: m = (nΣ(xy) - ΣxΣy) / (nΣ(x^2) - (Σx)^2)
Y-intercept formula: b = (Σy - mΣx) / n
Theorems
-
Suitable Grade Level
Advanced High School
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