You are the county tax assessor. You have the following data…
You are the county tax assessor. You have the following data concerning the size ( in square feet) and the selling price (in dollars) for twenty ( n=20) homes in an upscale neighborhood. You need to update the market prices of the unsold homes in the neighborhood. (SIZE, PRICE) (2400, 225000) (2425, 250000) (3200, 325000) (2450, 225000) (3000, 350000) (3425, 400000) (2750, 300000) (2250, 250000) (3150, 350000) (3000, 325000) (2275, 225000) (2150, 200000) (2350, 250000) (2250, 225000) (3225, 350000) (3625, 450000) (2850, 325000) (3200, 400000) (2900, 300000) (2650, 300000) Enter all of the house sizes in one list, and all of the house prices in another list. Fit a linear equation which uses the SIZE to predict the PRICE The answer is an ordered pair of numbers (a, b) for y =ax+b .
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