Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 14 (1 point) The table below contains on 48 houses: the value of the house and the amount of rental income in a year

image text in transcribedimage text in transcribedimage text in transcribed
Question 14 (1 point) The table below contains on 48 houses: the value of the house and the amount of rental income in a year that the house brings in ("Capital and rental,\" 2013). Table: Data of House Value versus Rental Value Rental Value Rental Value Rental Value Rental 81000 6656 77000 4576 75000 7230 67500 6864 95000 7904 94000 3736 90000 6240 85000 7072 121000 12064 115000 7904 110000 7072 104000 7904 135000 3320130000 9776 126000 6240125000 7904 145000 3320140000 9563 140000 9152 135000 7433 165000 13312165000 3523 155000 7433 143000 3320 173000 11856174000 10400 170000 9563 170000 12638 200000 12272 200000 10608 194000 11232 190000 3320 214000 3523 203000 10400 200000 10400 200000 83 20 240000 10192 240000 12064 240000 11648 225000 12430 289000 11648 270000 12896 262000 10192 244500 112 32 325000 12430310000 12430 303000 12272 300000 12430 1. Determine the correlation between variables (if it exists) in this relation. Which variable is the dependent (output) variable? A. Value of house B. Annual rental income generated Enter letter corresponding to correct answer 2. Using technology, determine coefficient of correlation r Enter r value to nearest ten-thousandth, with its sign (positive or negative and no spaces). Examples of correctly entered responses: +0.7789 -0.4529 +0.9976 Correlation coefficient calculator. Correlation and Linear Regression Calculator Applet 3. What type of linear correlation does the calculated rvalue indicate? A. Strong positive correlation B. Moderate positive correlation C. Weak negative correlation D. No linear correlation E. None of the above are correct Enter letter corresponding to correct answer 4. Use the correlation coefficient /to find the coefficient of determination Enter answer rounded to nearest thousandth. Examples of correctly entered responses: 0.956 0.407 0.5595. What percentage of the variabilityin the annual rental income is accounted for by the value of the house? A. 58.5% B. 41.5% C. 116.59% B. None of the above answers are correct Enterfetter corresponding to toned answer Cw

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

Linear Algebra With Applications

Authors: Gareth Williams, Williams

9th Edition

1284120104, 9781284120103

More Books

Students also viewed these Mathematics questions