We appreciate your visit to 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. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
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
Answer:$1578.92
Thanks for taking the time to read 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. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
Final answer:
Using the least squares regression line equation yˆ=0.392x+638.118, the estimated property tax for a 2,400-square foot home would be approximately $1578.92.
Explanation:
The real estate agent can use the least squares regression line equation, yˆ=0.392x+638.118, to estimate property taxes based on the size of a home. To find the estimated property tax for a 2,400-square foot home, we substitute 2,400 for x in the equation:
yˆ=0.392(2400)+638.118
Now, multiplying 0.392 by 2400 gives us 940.8, and adding this to 638.118:
yˆ=940.8+638.118 = 1578.918
Therefore, based on the regression equation, the agent should expect the property tax to be roughly $1578.92 for a 2,400-square foot home in the area.
