5.12 An auction house released a list of 25 recently sold paintings. Eight artists were represented in

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5.12 An auction house released a list of 25 recently sold paintings. Eight artists were represented in these sales. The sale price of each painting also appears on the list. Would the correlation coefficient be an appropriate way to summarize the relationship between artist (x) and sale price (y)? Why or why not?

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Introduction To Statistics And Data Analysis

ISBN: 9781305445963

5th Edition

Authors: Roxy Peck, Chris Olsen, Jay L Devore

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