Predict the property taxes for a 1,500-square-foot home. (Round coefficient estimates to at least 4 decimal...

Predict the property taxes for a 1,500-square-foot home. (Round coefficient estimates to at least 4 decimal places and final answer to 2 decimal places.)

TaxesˆTaxes^ = 6581.70 + 6.86 Size.

taxes= ?

Nevermind I figured it out

Expert Solution

Using Excel, (Data -> Data Analysis -> Regression), we get the following output :

The least square line is

The property taxes for a 1,500-square-foot home

= 6581.6957 + (6.8611*1500)

= 16873.35

orchestra answered 1 year ago

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