Question: A realtor studied the relation between x = yearly income (in thousands of dollars per year) of home purchasers and y = sale price of

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?

25.0 285 92 30 33L5 319 32.0 330 y 84.9 94.0 5 935 102.9 99.5 1010 0. 99.9 x 335 34.0 35.9 36.0 39.0 39.0 405 409 42.5 y 110.0 100.0 116.0 1100 125.0 119.9 1306 1208 129.9 44.0 4. 5054.6 65.0 70.0 y 135.5 140.0 50.7 1700 1100 185.0 200 a 150- 100- 20 30 40 50 6070 Income

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