Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 14 - Section 14.2 - Assess Your Understanding - Applying the Concepts - Page 698: 17d

Answer

$ŷ =137.7x-4599$

Work Step by Step

In MINITAB, enter the Size values in C1 and in C2 enter the Price values. Select Stats -> Regression -> Regression -> Fit Regression Model Enter C2 in "Responses" and C1 in "Continuous Predictors" The least-squares regression line ($ŷ =b_1x+b_0$) will be shown in "Regression Equation", where C2 is ŷ (Price) and C1 is x (Size) $ŷ =137.7x-4599$
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