Answer:
1) B. on, 2) D. 19.2, 3) C. 0
Step-by-step explanation:
1) The value of y according to the regression line is:
Hence, the point (8,19.2) is <em>on </em>the least-squares regression line.
2) The value of y according to the regression line is 19.2.
3) The residual is the difference between the value from the regression line and the real value. In this case, the residual value is 0.
Answer:
The tax on property assessed at $660,000 is <u>$13860 </u>.
Step-by-step explanation:
Given:
In Atlanta the tax on a property assessed at $930,000 is $19,530.
The tax rates are proportional to this city.
Now, to find the tax on a property assessed at $660,000.
So, <em>we need to get the tax rate of Atlanta first.</em>
Tax Rate = Tax / Property assessed × 100.
<em>According to question the</em><u><em> tax rates are proportional.</em></u>
<em>So, </em><u><em>for getting the tax in this city we use the same rate of Atlanta</em></u><em>:</em>
Tax = tax rate of property assessed.
Therefore, the tax on property assessed at $660,000 is $13860.