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Problem

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Textbook Expert
Textbook ExpertVerified Tutor
16 Nov 2021

Given information

  • Given : Table is 

  • To determine : What is the slope of the least-squares (best-fit) line? Interpret the slope.

Step-by-step explanation

Step 1.

Using equation (1) and the estimated least square line in equation (2) in part , the slope is .

It means that as the net taxable estates increase by one dollar, the cost of probate fees and taxes is expected to increase by .

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