Question

Question 3

The table below contains the value of house and the amount of rental income in a year that the house brings in. Use a TI-83, TI-83 plus, or TI-84 calculator to find the equation of the regression line for predicting the rental income from the value of the house. Round the slope and intercept to two decimal places.

Value   Rental
170000   8500
95000   7904
127000   8944
77000   4576
210000   11232
315000   12896
190000   8320
135000   8320
270000   12480
300000   12896
310000   12480
231000   12896
145000   8320
130000   7696
241000   9152
200000   10608
200000   10000
165000   8528
225000   10400
295000   11232

Provide your answer below:

y = ( )x +( )

Answer 1

Using TI 84,

y= 0.03 x + 4323.82