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Mathematics, 16.02.2021 04:00 orlando19882000
Give a practical interpretation of the estimate of the y-intercept of the regression line. For each additional room in the house, we estimate the appraised value to increase $74,800. We estimate the appraised value for any house to be $74,800. There is no practical interpretation, since a house with 0 rooms is nonsensical. For each additional room in the house, we estimate the appraised value to increase $17,800.
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Give a practical interpretation of the estimate of the y-intercept of the regression line. For each...
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