In an attempt to determine whether a linear relationship exists between the price of a home and
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In an attempt to determine whether a linear relationship exists between the price of a home and the number of days it takes to sell the home, a real estate agent collected the following data from recent sales in his city. R-96
a. Calculate the covariance. What kind of linear relationship exists?
b. Calculate the coefficient of correlation. Comment on the strength of the linear relationship.
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780071317610
1st Edition
Authors: Kelly Jaggia
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