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Statistics Developed to Estimate Regressions

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A) Use the data to develop an estimated regression that could be used to predict the median price for a market given the median income for the market.
b) Use the t test determine whether the median sale price is realted to the median income. What is your conclusion at the 0.05 level of significance?
c) Did the estimated regression equation provide a good fit? Explain.
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Solution Summary

The expert develops estimated regression in statistics. The median income for sale prices are given.

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We construct the following table: ...

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