One of the biggest factors in determining the value of a home is the square footage. The accompanying data represent the square footage and selling price (in thousands of dollars) for a random sample of homes for sale in a certain region. Complete parts (a) through (h) below. E Click the icon to view the housing data. (a) Which variable is the explanatory variable? Square Footage O Selling Price (b) Draw a scatter diagram of the data. Choose the correct scatter diagram below. O B. Oc. OD. Ay 700어 700어 Q Q 4500- 4500- 150 1000 150+ 1000 1000 1000 1000 150 4500 4500 4500 700 (c) Determine the linear correlation coefficient between square footage and asking price. (Round to three decimal places as needed.) •....

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.