Question
A real estate agency in Knoxville, TN wants to predict their customers buying willingness. In order to do that they have collected some historical data.
A real estate agency in Knoxville, TN wants to predict their customer’s buying willingness. In order to do that they have collected some historical data. The following table shows the Income and Percent willingness to buy a house immediately after a few house tours.
| House tours | Percent Willingness |
| 115 | 24 |
| 150 | 23 |
| 200 | 22 |
| 126 | 29 |
| 130 | 35 |
Find the Slope given the value of Pearson’s correlation coefficient r is 0.76.
Step by Step Solution
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Step: 1
To find the slope of the regression line we need to use the formula slope b r SD...
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Essentials Of Business Statistics
Authors: Bruce Bowerman, Richard Connell, Emily Murphree, Burdeane Or
5th Edition
978-1259688867, 1259688860, 78020530, 978-0078020537
