Question
As your boss is not interested in sorting through data on aspreadsheet, you will then write up a professional reportsummarizing your findings. This report should
As your boss is not interested in sorting through data on aspreadsheet, you will then write up a professional reportsummarizing your findings. This report should include yourscatterplot graph and any necessary tables. Within your report, inaddition to any appropriate introductions, conclusions, citations,etc. also discussion the following:
• Interpret the correlation coefficient.
• Discuss the hypothesis in order to determine whether thepopulation correlation between the two variables differs fromzero.
• What are the results of the hypothesis test in the context ofthis task (at the 5% significance level)?
• What is the sample regression equation that could enable your topredict property taxes on the basis of the size of a home?
• Using this, predict the property taxes for a home that is 1,500square ft.
This should be written as if you were writing a professionalreport to your employer.
Random Sample | Property Taxes | Size | Use Excel functions/tools to calculate thecorrelation coefficient, the value of the test statistic, andp-value. Also use Excel to generate a scatterplot with a linearregression line. Paste these results on this sheet. | |||||||||||||
1 | 15333 | 2189 | ||||||||||||||
2 | 16699 | 2005 | ||||||||||||||
3 | 18440 | 2090 | ||||||||||||||
4 | 15693 | 1000 | ||||||||||||||
5 | 43988 | 5665 | ||||||||||||||
6 | 33684 | 2573 | ||||||||||||||
7 | 15187 | 2200 | ||||||||||||||
8 | 16706 | 1964 | ||||||||||||||
9 | 18225 | 2092 | ||||||||||||||
10 | 16073 | 1380 | ||||||||||||||
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