Ch 14-9 – Analyzing the Relationship Between Home Values and Landscaping Expenditures

Essentials of Modern Business Statistics with Microsoft® Excel®

Anderson, Sweeney, Williams, Camm, and Cochran

07th Edition

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Develop a predictive model to assist marketing efforts by examining the relationship between home values and landscaping expenditures using data provided in the file Landscape. What does the scatter plot suggest about the relationship between the variables? Calculate the estimated regression equation using the least squares method and use it to predict landscaping expenditures for homes of varying values.

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