Question: Using 0 10 and the data from Problem 14 11
Using α = 0.10 and the data from Problem 14.11, test the significance of the population correlation coefficient between a house’s selling price and its square footage. What conclusions can you draw?
Answer to relevant QuestionsConsider the following set of ordered pairs: a. Calculate the slope and y intercept for these data. b. Calculate the total sum of squares (SST). c. Partition the sum of squares into the SSR and SSE. Use the data from Problem 14.17 to answer the following questions: a. Calculate the SST. b. Partition the total sum of squares into the SSR and SSE. c. Calculate the sample coefficient of determination. d. Test the ...Consider the following set of ordered pairs: Assuming that the regression equation is y = 1.679 + 0.584x and the SSE = 3.547, construct a 90% confidence interval for x = 3. Consider the following set of ordered pairs: Assuming that the regression equation is y = 1.886 + 0.977x and that the SSE = 0.7955, test to determine if the slope is not equal to zero using α = 0.05. Suppose the Internet retailer Buy.com would like to investigate the linear relationship between the amount of time in minutes a purchaser spends on its Web site and the amount of money he or she spends on an order. The ...
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