Refer to Exercise 11.86. Calculate a new variable: x = 1/ density. a. What is the interpretation
Question:
a. What is the interpretation of the new variable? In particular, if the new variable equals 0.50, what does that mean about the particular zip code area?
b. Plot sales against the new variable. Does a straight- line prediction look reasonable here?
c. Obtain the correlation of sales and the new variable. Compare its magnitude to the correlation obtained in Exercise 11.86 between sales and density. What explains the difference?
In exercise
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Related Book For
An Introduction To Statistical Methods And Data Analysis
ISBN: 9781305465527
7th Edition
Authors: R. Lyman Ott, Micheal T. Longnecker
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