Question

Kitchen remodeling is a popular way to improve the value of a home.
(a) If X denotes the amount spent for labor and Y the cost for new appliances, do you think these would be positively correlated, negatively correlated, or independent?
(b) If a family is on a strict budget that limits the amount spent on remodeling to $25,000, does this change your impression of the dependence between X and Y?


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  • CreatedJuly 14, 2015
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