A real estate agent made a scatter plot with the size of homes, in square feet, on the x-axis and the homeowner's property taxes on the y-axis. The variable have a strong linear correlation and the equation for the least squares regression line is yˆ=0.392x+638.118. Based on the equation, what should the agent expect the property tax to be for a 2,400-square foot home in the area?

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18 April, 05:40

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Helena · Answer 1

Based on the equation what should the agent expect the property taxes to be for a 2400 square foot home in the area?

Answer:$1578.92