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QUESTION FOUR [25] A consumer welfare agency)r wants to investigate the relationship between the sizes of houses and rents paid by tenants in a small
QUESTION FOUR [25] A consumer welfare agency)r wants to investigate the relationship between the sizes of houses and rents paid by tenants in a small city. The agency collected the following information on the sizes (hundreds of square feet) of the houses and the monthly rents (in thousands of Rand) paid by tenants for ve houses. Size of house Monthly rent (Hundreds of square feet) (Thousands of Rand) 20 12 16 10 30 15 25 16 REGENT BUSINESS SCHOOL (RES) July 2021 15 BACHELOR OF COMMERCE IN SUPPLY CHAIN MANAGEMENT YEAR 1 Lf'nlllf' 3N\" accent-annu- f'l Inn-mo _ I'IIQ'I'JIIIPI: BACHELOR OF COMMERCE IN SUPPLY CHAIN MANAGEMENT YEAR 1 ACADEMIC AND ASSESSMENT CALENDAR - DISTANCE 4.1 Calculate and interpret the Pearson's correlation coefcient for the above data. (10) 4.2. Determine the linear regression equation. (6) 4.3 Interpret the slope and the y intercepts of regression equation in question 4.2 above (5) 4.4 Predict the price of a house with 150 square feet (4)
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