Do a complete analysis of the data including the graph

Reference no: EM131788558

Homes

The table shows the asking price (in thousands of dollars) and area (square feet) of 30 homes in a town in Texas.

(Source: Yahoo Real Estate, accessed via StatCrunch. Owner: Webster West)

Price	Sqft
2400	4918
680	3645
570	1900
400	3123
320	2365
280	3361
260	2383
229	3770
215	2979
200	2088
183	2343
170	2526
145	1812
100	2432
168	2988
499	3486
492	3400
475	3517
460	4398
375	2835
360	3131
323	2561
288	2450
285	2667
281	2797
225	2474
225	2565
176	1978
165	1504
160	1496

a. Do a complete analysis of the data (with square feet as the independent variable), including the graph, equation, interpretation of slope and intercept, and coefficient of determination.

b. Remove the high-end outlier and do another complete analysis.

c. Explain the changes from part a to part b.

Reference no: EM131788558

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