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  3. this data gives the square footage and sales price

This data gives the square footage and sales prices for several houses and sales prices for...

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Statistics

This data gives the square footage and sales prices for severalhouses and sales prices for several houses in Dallas, Texas.

Square FootageValue
2000238139.4
2200259712
2400300953.7
3000369965.7
3200340091.3
3600405425
2900345131
  1. You plan to build a 500-sqaure-foot addition to your house. Howmuch do you think your home value will increase as a result?
  2. What percentage of the variation in home value is explained bythe variation in the house size?

Please set up using an excel worksheet and show anyformulas used.

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