Using data from 55 communities in Baltimore on affordability index for mortgages (affordm15), and for rent (affordr15),
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Using data from 55 communities in Baltimore on affordability index for mortgages (affordm15), and for rent (affordr15), a regression model was constructed to fit affordm15 based on affordr15. Below is the Minitab output. Any inference is performed at 1% significance.
a) Write the null and alternative to assess if there is a significant linear association between the two variables.
b) According to the F-test, is the null above rejected?
c) According to the t-test, is the null above rejected?
d) What is the estimated value of the slope?
e) Interpret the value of the coefficient of determination.
f) Estimate the coefficient of correlation.
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Related Book For
Principles Of Managerial Statistics And Data Science
ISBN: 9781119486411
1st Edition
Authors: Roberto Rivera
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