Florida condominiums are popular winter retreats for many North Americans. In recent years ...
Florida condominiums are popular winter retreats for many North Americans. In recent years the price has steadily increased. A real estate agent wanted to know why prices of similar size apartments in the same building vary. A possible answer lies in the floor. It may be that the higher the floor, the greater the sale price of the apartment. He recorded the price (in $1000's) of 1200 sq. ft. condominiums in several buildings in the same location that have sold recently and the floor number of the condominium.
Floor (x) Price (y) 22 212 20 225 16 261 4 184 18 232 18 222 21 210 13 201 14 189 8 200 4 203 2 196 16 220 13 245 12 211 8 216 21 256 7 173 8 194 8 196 23 182 21 230 10 216 9 188 15 210 1 216 27 218 8 169 27 235 8 227 10 191 1 203 27 223 14 206 28 204 4 190 28 246 8 168 10 193 12 186 7 193 27 224 21 231 6 183 21 224 9 212 12 232 7 193 18 233 12 249
A) Determine the regression line.
B) What do the coefficients tell you about the relationship between the two variables?
8 years ago
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- FC.xlsx