Question

Question 10 Unsaved

A real estate agent made a scatter plot with the size of homes, in square feet, on the x-axis and the homeowner's property taxes on the y-axis. The variable have a strong linear correlation and the equation for the least squares regression line is yˆ=0.392x+638.118.


Based on the equation, what should the agent expect the property tax to be for a 2,400-square foot home in the area?


Question 10 options:


$2,464.12



$1,578.92



$1,190.94



$940.80

Answer 1

`y = 0.392x + 638.118 \\ x = 2400 \\ y = (0.392 * 2400) + 638.118 \\ y = 1578.92`

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