Data for a sample of houses sold recently in the suburb of a

Data for a sample of houses sold recently in the suburb of a large metropolis are given below:

Area of House (hundreds of square feet)

Selling Price (thousands of dollars)

20

250

19

220

27

350

28

390

30

320

15

200

25

360

23

290

18

210

35

410

Summarize your findings as an ANOVA table.

Find standard error of the estimate s_e

Test the hypothesis that Y and X are not related. That is, test H₀: b₁ = 0 vs. H₁: b₁

Solution

Summarize your findings as an ANOVA table.

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Find standard error of the estimate s_e

standard error=31.9739

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Test the hypothesis that Y and X are not related. That is, test H₀: b₁ = 0 vs. H₁: b₁