Answer to Question #330429 in Quantitative Methods for Dan

Question

A real estate agent wishes to examine the relationship between the

selling price of a home and its size (measured in square feet).

A random sample of 10 houses is selected.

Dependent variable (Y) = house price in $1000s

Independent variable (X) = square feet

House Price in $1000s (Y) Square Feet (X)

245 1400

312 1600

279 1700

308 1875

199 1100

219 1550

405 2350

324 2450

319 1425

255 1700