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Line: 212
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The data show the list and selling prices for several expensive homes. Find the regression equation, letting the list price be the independent (x) variable. Find the best predicted selling price of a home having a list price of $3 million. Is the result close to the actual selling price of $3.1 million? Use a significance level of 0.05.
List_price_(millions_of_$) Selling_price_(millions_of_$)
4.4 4.8
4.5 4.8
2.3 2.7
3.9 3.8
3.7 3.2
3.7 4.1
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