A land resale firm, Shamba Nyingi Limited, sells land around the environs of Nairobi. The size and price data for a given year are as...

      

A land resale firm, Shamba Nyingi Limited, sells land around the environs of Nairobi. The size and price data for a given year are as shown.
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Required:
i) Determine the linear-regression equation of price on size.
ii) Describe the relationship between size and price.
iii) What do the equation coefficients represent?
iv) What is the estimated standard error of the regression equation?
v) Determine the prize when the size of land is 2,150 square meters.

  

Answers


Wilfred
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Wilfykil answered the question on February 20, 2019 at 11:56


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