Selling Price (S000s), y Square Footage, 2278 391.3 3128 366.9 1090 184 1916 328.8 3095 618.5 2794 373.2 4316 659.5 2200 375.2 435.9 2679 1668 291.8 1784 270.8 677.6 3729 a) Determine the linear correlation coefficient between square footage and asking price b) Is there a linear relation between square footage and asking price? c) Find the least-squares regression line treating square footage d) Interpret the slope. e) Is it reasonable to interpret the y-intercept? as the explanatory variable.

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 2AGP
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Question
Selling Price (S000s), y
Square Footage,
2278
391.3
3128
366.9
1090
184
1916
328.8
3095
618.5
2794
373.2
4316
659.5
2200
375.2
435.9
2679
1668
291.8
1784
270.8
677.6
3729
a) Determine the linear correlation coefficient between square footage and asking price
b) Is there a linear relation between square footage and asking price?
c) Find the least-squares regression line treating square footage
d) Interpret the slope.
e) Is it reasonable to interpret the y-intercept?
as the explanatory variable.
Transcribed Image Text:Selling Price (S000s), y Square Footage, 2278 391.3 3128 366.9 1090 184 1916 328.8 3095 618.5 2794 373.2 4316 659.5 2200 375.2 435.9 2679 1668 291.8 1784 270.8 677.6 3729 a) Determine the linear correlation coefficient between square footage and asking price b) Is there a linear relation between square footage and asking price? c) Find the least-squares regression line treating square footage d) Interpret the slope. e) Is it reasonable to interpret the y-intercept? as the explanatory variable.
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