Find the coefficient of determination (Do not use Excel). a) 0.2948 O b) None of the answers are correct O c) 0.6948 O d) 0.3948 O e) 0.4948

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 8SGR
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Question
To determine how the number of housing starts is affected by mortgage rates an
economist recorded the average mortgage rate and the number of housing starts in a
large county for the past 10 years. These data are listed here. Use a 5% significance
level.
Rate
Starts
8.5
115
7.8
111
7.6
185
7.5
201
8.0
206
8.4
167
8.8
155
8.9
117
8.5
133
8.0
150
Find the coefficient of determination (Do not use Excel).
a) 0.2948
b) None of the answers are correct
c) 0.6948
d) 0.3948
e) 0.4948
Transcribed Image Text:To determine how the number of housing starts is affected by mortgage rates an economist recorded the average mortgage rate and the number of housing starts in a large county for the past 10 years. These data are listed here. Use a 5% significance level. Rate Starts 8.5 115 7.8 111 7.6 185 7.5 201 8.0 206 8.4 167 8.8 155 8.9 117 8.5 133 8.0 150 Find the coefficient of determination (Do not use Excel). a) 0.2948 b) None of the answers are correct c) 0.6948 d) 0.3948 e) 0.4948
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