The following data on sale price, size, and land-to-building ratio for 10 large industrial properties appeared in a paper.r =Propertyr =123size45678910Sale Price(millionsof dollars)10.52.530.61.919.97.9+10.26.85.94.6USE SALTSize(thousandsof sq. ft.)2,165O land-to-building ratio7522,4232253,9162,8651,6991,0471,107404Land-to-BuildingRatio1.93.63.54.61.62.4(a) Calculate the value of the correlation coefficient between sale price (in millions of dollars) and size (in thousands of square feet). (Round youranswer to four decimal places.)3.24.7(b) Calculate the value of the correlation coefficient between sale price (in millions of dollars) and land-to-building ratio. (Rounddecimal places.)7.717.1(c) If you wanted to predict sale price and you could use either size or land-to-building ratio as the basis for making predictions, which would youuse?our answer to four(d) Based on your choice in part (c), find the equation of the least-squares line you would use for predicting y = sale price (in millions of dollars).(Leave the data in the original units. Round your answers to four decimal places.)ŷ =

The following data on sale price, size, and land-to-building ratio for 10 large industrial properties appeared in a paper. r = Property 1 r = 2 3 4 5 6 7 8 9 10 Sale Price (millions of dollars) 10.5 2.5 30.6 1.9 19.9 7.9 10.2 6.8 5.9 4.6 USE SALT Size (thousands of sq. ft.) 2,165 752 2,423 225 3,916 2,865 1,699 1,047 1,107 404 Land-to- Building Ratio 1.9 3.6 3.5 4.6 1.6 2.4 3.2 4.7 7.7 (a) Calculate the value of the correlation coefficient between sale price (in millions of dollars) and size (in thousands of square feet). (Round your answer to four decimal places.) 17.1 (b) Calculate the value of the correlation coefficient between sale price (in millions of dollars) and land-to-building ratio. (Round your answer to four decimal places.) (c) If you wanted to predict sale price and you could use either size or land-to-building ratio as the basis for making predictions, which would you use? O size O land-to-building ratio (d) Based on your choice in part (c), find the equation of the least-squares line you would use for predicting y = sale price (in millions of dollars). (Leave the data in the original units. Round your answers to four decimal places.) ŷ = ∙(1

The following data on sale price, size, and land-to-building ratio for 10 large industrial properties appeared in a paper. r = Property 1 r = 2 3 4 5 6 7 8 9 10 Sale Price (millions of dollars) 10.5 2.5 30.6 1.9 19.9 7.9 10.2 6.8 5.9 4.6 USE SALT Size (thousands of sq. ft.) 2,165 752 2,423 225 3,916 2,865 1,699 1,047 1,107 404 Land-to- Building Ratio 1.9 3.6 3.5 4.6 1.6 2.4 3.2 4.7 7.7 (a) Calculate the value of the correlation coefficient between sale price (in millions of dollars) and size (in thousands of square feet). (Round your answer to four decimal places.) 17.1 (b) Calculate the value of the correlation coefficient between sale price (in millions of dollars) and land-to-building ratio. (Round your answer to four decimal places.) (c) If you wanted to predict sale price and you could use either size or land-to-building ratio as the basis for making predictions, which would you use? O size O land-to-building ratio (d) Based on your choice in part (c), find the equation of the least-squares line you would use for predicting y = sale price (in millions of dollars). (Leave the data in the original units. Round your answers to four decimal places.) ŷ = ∙(1

Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

Chapter8: Areas Of Polygons And Circles

Section8.4: Cicumference And Area Of A Cicle

Problem 46E: A tabletop is semicircular when its three congruent drop-leaves are used. By how much has the tables...

See similar textbooks