Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with Part D of this question only. ome File Edit View History Bookmarks Proles Window Help . FrlMay213126102PM . . I54 Final

I need help with Part D of this question only.

image text in transcribed
ome File Edit View History Bookmarks Proles Window Help . FrlMay213126102PM . . I54 Final examllntroduction to Phi x I E Untitled document-Google D: x \"A Assignmenl10Stat213, soon x Course Hero X + o 6 9 0' i webassign.net/weblStudent/AssignmentResponsesllaslwep=26092363#05 Vi} . E l The following data on sale price, size, and land-to-building ratio for 10 large industrial properties appeared in a paper. l l Sale Price Size Land-to- ' (millions (thousands Building 1 Property of dollars) of sq. ft.) Ratio l 1 10.7 2165 2.1 ; 2 2.6 750 3.4 3 30.5 2421 3.6 . 4 1.7 223 4.8 5 20.0 3918 1.6 ' 6 7.9 2867 2.3 7 10.2 1699 3.2 8 6.7 1046 4.9 9 5.7 1108 7.6 } 10 4.5 405 17.3 (a) Calculate the value of the correlation coefficient between sale price and size. (Give the answer to three decimal places.) r = 0.700 (b) Calculate the value of the correlation coefcient between sale price and land-to-building ratio. (Give the answer to three decimal places.) r = -o.337 (c) If you wanted to predict sale price and you could use either size or land-to-building ratio as the basis for making predictions, which would you use? Size 1 O Landto-building ratio (d) Based on your choice in Part (c), find the equation of the least-squares regression line you would use for predicting y = sale price. (Give answers to three decimal places.) =: x +_ x Need Help? E

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trigonometry

Authors: Cynthia Y Young

5th Edition

ISBN: 1119820928, 9781119820925

More Books

Students also viewed these Mathematics questions

Question

Explain the factors that determine the degree of decentralisation

Answered: 1 week ago

Question

What Is acidity?

Answered: 1 week ago

Question

Explain the principles of delegation

Answered: 1 week ago

Question

State the importance of motivation

Answered: 1 week ago

Question

Discuss the various steps involved in the process of planning

Answered: 1 week ago