Scott Bell Builders would like to predict the total number of labor hours spent framing a house based on the square footage of the house. The following data has been compiled on ten houses recently built.

a. Develop the least-squares estimated regression equation that relates framing labor hours to house square footage.
b. Use the regression equation developed in part (a) to predict framing labor hours when the house size is 3350 square feet.

Question

Scott Bell Builders would like to predict the total number of labor hours spent framing a house based on the square footage of the house. The following data has been compiled on ten houses recently built.
  
a. Develop the least-squares estimated regression equation that relates framing labor hours to house square footage.
b. Use the regression equation developed in part (a) to predict framing labor hours when the house size is 3350 square feet.

Quizplus · Accepted Answer

The Answer of Scott Bell Builders would like to predict the total number of labor hours spent framing a house based on the square footage of the house. The following data has been compiled on ten houses recently built.
  
a. Develop the least-squares estimated regression equation that relates framing labor hours to house square footage.
b. Use the regression equation developed in part (a) to predict framing labor hours when the house size is 3350 square feet.

Scott Bell Builders Would Like to Predict the Total Number