Test for Significance of Slope – Apply It 2

  • Perform a test for significance of slope and interpret the results
  • Check the conditions that are necessary to perform a test for significance of slope

What’s in the Price of a House? (continued)

The random sample of 34 house prices and house sizes (square feet) was collected in Saratoga, Florida.

Scatterplot

A scatterplot of square feet vs home price in Saratoga, Florida.

Residual Plot

A residual plot of the above data.