Each month, the Department of Commerce releases its estimate of construction activity. A key measure is the
Question:
(a) Before looking at these data, do you expect these variables to be associated? If so, what do you anticipate the correlation to be?
(b) Draw the scatterplot of the percentage change in the S&P 500 index on the percentage change in the number of new housing units started. Describe the association.
(c) Find the correlation between the two variables in the scatterplot. What does the size of the correlation suggest about the strength of the association between these variables?
(d) Suppose you know that there was a 5% increase in the number of new homes. From what you’ve seen, can you anticipate movements in the stock market?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a Most would expect moderate associat...View the full answer
Answered By
Rustia Melrod
I am a retired teacher with 6 years of experience teaching various science subjects to high school students and undergraduate students. This background enables me to be able to help tutor students who are struggling with the science of business component of their education. Teaching difficult subjects has definitely taught me patience. There is no greater joy for me than to patiently guide a student to the correct answer. When a student has that "aha!" moment, all my efforts are worth it.
The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
4+ Reviews
10+ Question Solved
Related Book For 
Statistics For Business Decision Making And Analysis
ISBN: 9780321890269
2nd Edition
Authors: Robert Stine, Dean Foster
Question Posted:
