Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 28 Sep 2017 My Price 4.00

Albuquerque Board of Realtors

Real estate. A random sample of records of sales of homes from Feb. 15 to Apr. 30, 1993, from the files maintained by the Albuquerque Board of Realtors gives the Price and Size (in square feet) of 117 homes. A regression to predict Price (in thousands of dollars) from Size has an R-squared of 71.4%. The residuals plot indicated that a linear model is appropriate.

a) What are the variables and units in this regression?

b) What units does the slope have?

c) Do you think the slope is positive or negative? Explain.

Answers

Maurice Tutor
(5)
Status NEW Posted 28 Sep 2017 02:09 PM My Price 4.00

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