Math Problem Statement
Read the following description of a data set. A large property developer owns a number of suburban apartment complexes. The developer wants to see if planting more trees will increase the demand for her apartments. The developer notes the number of trees planted in each apartment complex she owns, x, as well as the number of rental applications filled out for each complex in one month, y. The least squares regression line of this data set is: y=0.477x+32.655 Complete the following sentence: The least squares regression line predicts that for each additional tree planted, there will be an additional rental applications per month.
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Regression Analysis
Linear Regression
Least Squares Method
Formulas
Least squares regression line formula: y = mx + b
Theorems
-
Suitable Grade Level
Advanced High School
Related Recommendation
Linear Regression Trendline Prediction for Points (200,29) (310,63) (300,51) (396,20)
Estimate y When x = 2.5 Using Linear Regression
Regression Analysis: Calculate the Best-Fit Line for X and Y Data Sets
Predicting Number of New Houses with Interest Rate using Linear Regression
Match the Regression Equation y = 0.00114x + 2.53 with the Correct Graph