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In: Statistics and Probability

This data gives the square footage and sales prices for several houses and sales prices for...

This data gives the square footage and sales prices for several houses and sales prices for several houses in Dallas, Texas.

Square Footage Value
2000 238139.4
2200 259712
2400 300953.7
3000 369965.7
3200 340091.3
3600 405425
2900 345131
  1. You plan to build a 500-sqaure-foot addition to your house. How much do you think your home value will increase as a result?
  2. What percentage of the variation in home value is explained by the variation in the house size?

Please set up using an excel worksheet and show any formulas used.

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