Home sales and interest rates should be negatively related. The following table gives the number of annual

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Home sales and interest rates should be negatively related. The following table gives the number of annual unit sales for Packard Homes and mortgage rates for four recent years. Calculate the sample correlation between sales and mortgage rates.

Year Unit Sales Interest Rate (%) 2000 50 8.0 2001 70 7.0 2002 80 6.0 2003 60 7.0

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Quantitative Investment Analysis

ISBN: 978-1119104223

3rd edition

Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle

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Question Posted: Mar 21, 2018 05:58 AM

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Home sales and interest rates should be negatively related. The following table gives the number of annual

Question:

Year Unit Sales Interest Rate (%) 2000 50 8.0 2001 70 7.0 2002 80 6.0 2003 60 7.0

Step by Step Answer:

Sample mean sales are 50 70 80 604 2604 65 Sample mean interest ra...View the full answer

Quantitative Investment Analysis

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