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How is this problem calculated with Excel? a. Let selling price be the dependent variable and...

How is this problem calculated with Excel?

a. Let selling price be the dependent variable and size of the home the independent variable. Determine the regression equation. Estimate the selling price for a home with an area of 2,200 square feet. Determine the 95% confidence interval and the 95% prediction interval for the selling price of a home with 2,200 square feet.

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Expert Solution

a)

Using Excel:

Enter the data and make the corresponding column are as follows:

orchestra answered 3 years ago
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