Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following table shows the selling prices, in thousands of dollars, and the square footages of five randomly selected houses recently sold by a real

image text in transcribed
The following table shows the selling prices, in thousands of dollars, and the square footages of five randomly selected houses recently sold by a real estate company. The data have a sample correlation coefficient, rounded to three decimal places, of 0.585. Using a = 0.05 and the data given below, test the significance of the population correlation coefficient between a house's selling price and its square footage. What conclusions can you draw? Selling Price $257 $198 $252 $160 $248 Square Footage 2752 1888 2107 2120 2345 What are the correct null and alternative hypotheses? OA. Ho: p= 0 OB. Ho: P#0 H1: P=0 H1 : p =0 O C. Ho: p= 0 OD. Hop > 0 H1 : p >0 H1 : p =0 What is the test statistic? t=(Round to two decimal places as needed.) What is the p-value? p-value =(Round to three decimal places as needed.) State the conclusion. Ho- There V enough evidence from the sample to conclude that p is zero

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

Beginning Algebra A Text/Workbook

Authors: Charles P McKeague

2nd Edition

1483271242, 9781483271248

More Books

Students also viewed these Mathematics questions