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In: Statistics and Probability

The data show the list and selling prices for several expensive homes. Find the regression​ equation,...

The data show the list and selling prices for several expensive homes. Find the regression equation, letting the the list price be the independent (x) variable. Find the best predicted selling price of a home having a list price of
$22
million. Is the result close to the actual selling price of
$2.22.2

million? Use a significance level of 0.05

list of price of millions of $- 1.6 4.2 2.1 1.6 2.3 4

selling price of millions of $ - 2 . 4.6 . 1.8 . 1.9 . 2.4 . 3.6

1. what is the regresstion equation? Y= __ +__x

2. if there is a linear equation use the regression equation as the predictor rounding to two decimal places

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