The following table shows the selling prices, in thousands of dollars, and the square footages of seven

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The following table shows the selling prices, in thousands of dollars, and the square footages of seven randomly selected houses recently sold by Century 21 Realtors. These data can also be found in the Excel file Century 21.xlsx.

Selling Price ($) Square Footage 258 2730 191 1860 253 2140 168 2180 249 2310 245 2450 282 2920

a. Using a = 0.05, calculate the Spearman rank-order correlation coefficient.

b. Perform a hypothesis test to determine if the population rank correlation coefficient is different than zero.

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Business Statistics

ISBN: 9780133852288

2nd Edition

Authors: Robert A Donnelly, Robert Donnelly Jr

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Question Posted: Jul 10, 2024 09:02 AM

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The following table shows the selling prices, in thousands of dollars, and the square footages of seven

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Business Statistics

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