Question

The sales price (S) per square foot of a warehouse is strongly influenced by the truss height (fee), which from several warehouses and is provided below Truss Height 12 14 14 15 15 16 18-22 24-24 26 26 27 28 30 30 ines how high stored goods can be stacked. Truss heights and sales price per square foot were collected 35.53 37.82 36.90 40.00 38.00 37.50 41.05 48.50 47.50 46.20 50.35 49.13 48.07 0.90 S4.78 54.32 Price3 using your calculator and formulas provided in class. Round all answers to three decimal places he following expressions:

Answer 1

Regression Analysis: y(price) versus x(Truss) The regression equation is y.(price) = 23.2 + 1.01 x(Truss) PredictorCoef SE Coef Constant 23.159 0.000 (Truss) 1.01468 0.05688 17.84 0.000 1、2 S 1.392 56 R-Sa 95.8% R-Saladi) 95.5% - - Analysis of Variance Source Regression Residual Exror 14 27.15 1.94 Total MS 1617s12 617.17 318.26 0.000 DF Unusual Observations Fit SE Fit Residual St Resid 2.24R On x (Truss) y(price) 22.0 48 500 45.482 0.350 3.018 R denotes an observation with a large standardized residual