Explore the relationship between the selling prices and the appraised values of the 150 homes in the
Question:
Explore the relationship between the selling prices and the appraised values of the 150 homes in the file P2_7.XLS by computing a correlation.
a. Is there evidence of a linear relationship between the selling price and appraised value in this case? If so, characterize the relationship (i.e., indicate whether the relationship is a positive or negative one).
b. For which of the two remaining variables, the size of the home and the number of bedrooms in the home, is the relationship with the home’s appraised value stronger? Justify your choice.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Managerial Statistics
ISBN: 9780534389314
1st Edition
Authors: S. Christian Albright, Wayne L. Winston, Christopher Zappe
Question Posted: