Explanations 
Textbooks 
Exams 
GCSE 
IGCSE 
AS 
A Level 
International A Level 
University Admissions Tests 
Flashcards 
Vaia AI 
Notes 
Study Plans 
Study Sets 
Find a job 
Find a degree 
Student Deals 
Magazine 
Mobile App Chapter 14: Q.14.101 (page 580)
Acreage and Value. The data from Exercise for lot size (in acres) and assessed value (in thousands of dollars) of a sample of homes in a particular area are on the WeissStats site. Specified value of the predictor variable: acres.
Short Answer
It is not applying the conditional mean and predicted value t-interval procedure to the given data in a reasonable manner. As a result, parts (b) through (f) are omitted.
Step by step solution
Given information
To determine whether the conditional mean and predated value t-interval procedures can be applied to data.
Explanation
Given that,
Using the data from Exercise , determine whether it is reasonable to apply the conditional mean and predated value t-interval procedure to data.
- The residual plot clearly shows that the residuals are in the horizontal band.
- The normal probability plot of residuals reveals that the residuals follow a roughly linear pattern.
- As a result, for the variables value and lot size, assumptions for regression inferences are not violated. However, it is clear from Exercise that the observations do not follow a linear pattern.
Part 3: Conclusion
As a result, applying the conditional mean and predicted value t-interval procedure to the given data is not reasonable. As a result, parts (b) through (f) are omitted.
Over 30 million students worldwide already upgrade their learning with Vaia!
