This document presents a comprehensive solution to a STA510 Business Statistics assignment, addressing two main parts. Part A focuses on a case study involving house prices and street ratings, utilizing regression analysis to determine the equation of the least squares regression line, standard error of estimate, and the coefficient of determination. It also includes t-tests for the slope of the regression line and confidence interval calculations. Part B delves into probability and statistical inference, calculating the highest property value not subject to tax using normal distribution concepts and conducting a z-test to assess the average life expectancy. The solution provides detailed calculations, interpretations, and relevant statistical concepts, offering a clear understanding of the analysis.
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