Below is bivariate data on vintage dresser auctions, where X is the year of construction of the dresser and Yis the price sold at auction. 1842 1790 1886 1903 1819 1880 1851 Y 4500 8600 2100 1900 7500 1600 4900 3pt a) Find the correlation coefficient (round to four decimal places) between year of construction and price sold at auction and then interpret the direction and strength of the correlation.
Below is bivariate data on vintage dresser auctions, where X is the year of construction of the dresser and Yis the price sold at auction. 1842 1790 1886 1903 1819 1880 1851 Y 4500 8600 2100 1900 7500 1600 4900 3pt a) Find the correlation coefficient (round to four decimal places) between year of construction and price sold at auction and then interpret the direction and strength of the correlation.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 2CYU
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Find the correlation coefficient (round to four decimal places) between the year of construction and the price sold at auction and then interpret the direction and strength of the correlation.
Find the Least-Squares Regression Line (round to four decimal places throughout.)
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