Question: A realtor studied the relation between x yearly income

A realtor studied the relation between x = yearly income (in thousands of dollars per year) of home purchasers and y = sale price of the house (in thousands of dollars). The realtor gathered data from mortgage applications for 24 sales in the realtor’s basic sales area in one season.
a. A scatterplot with a LOWESS smoother, drawn using Minitab, follows. Does the relation appear to be basically linear?
b. Are there any high leverage points? If so, which ones seem to have high influence?

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  • CreatedNovember 21, 2015
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