subject
Mathematics, 01.04.2021 18:10 FlowerChild5037

A real estate agent working in a large city believes that, for three-bedroom houses, the selling price of the house decreases by approximately $2,000 for every mile increase in the distance of the house from the city center. To investigate the belief, the agent obtained a random sample of 20 three-bedroom houses that sold in the last year. The selling price, in thousands of dollars, and the distance from the city center, in miles, for each of the 20 houses are shown in the scatterplot. The table shows computer output from a regression analysis of the data. a) Assume all conditions for inference are met. Construct and interpret a 95 percent confidence interval for the slope of the least-squares regression line.
b) Does the confidence interval contradict the agent’s belief about the relationship between the selling price and distance from the city center? Justify your answer.

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 16:40
What is the solution of the systems of equations? y=2/3x+3 x=-2
Answers: 2
question
Mathematics, 21.06.2019 21:00
Ftara spends $219 a month for her car payment and she makes $3,200 a month, what percent of her monthly income is spent on her car payment?
Answers: 2
question
Mathematics, 21.06.2019 23:30
Which two fractions are equivalent to 24/84? 6/42 and 2/7 6/21 and 2/6 12/42 and 3/7 12/42 and 2/7
Answers: 1
question
Mathematics, 22.06.2019 00:20
If your score on your next statistics test is converted to a z score, which of these z scores would you prefer: minus2.00, minus1.00, 0, 1.00, 2.00? why? a. the z score of 2.00 is most preferable because it is 2.00 standard deviations above the mean and would correspond to the highest of the five different possible test scores. b. the z score of 0 is most preferable because it corresponds to a test score equal to the mean. c. the z score of minus2.00 is most preferable because it is 2.00 standard deviations below the mean and would correspond to the highest of the five different possible test scores. d. the z score of minus1.00 is most preferable because it is 1.00 standard deviation below the mean and would correspond to an above average
Answers: 2
You know the right answer?
A real estate agent working in a large city believes that, for three-bedroom houses, the selling pri...
Questions
question
English, 11.05.2021 14:00
question
English, 11.05.2021 14:00
question
Mathematics, 11.05.2021 14:00
question
Mathematics, 11.05.2021 14:00
Questions on the website: 13722363