Homework SourseInfo The least squares fitted relation is PRICE 14656 0266S
Info: The least squares fitted relation is PRICE= 14.656 + 0.266SQFT. The 95% interval estimate for the intercept is [10.602, 18.710]. N=141.
Question:
On the regression output, the provided p-value for the estimated intercept (not the coefficient) is 0.0000. What is the meaning of this value? Use a sketch to illustrate your answer.
Solution
![Info: The least squares fitted relation is PRICE= 14.656 + 0.266SQFT. The 95% interval estimate for the intercept is [10.602, 18.710]. N=141. Question: On the r](/WebImages/26/info-the-least-squares-fitted-relation-is-price-14656-0266s-1068223-1761559146-0.webp "Info: The least squares fitted relation is PRICE= 14.656 + 0.266SQFT. The 95% interval estimate for the intercept is [10.602, 18.710]. N=141. Question: On the r")
