Using a random sample of homes for sale, a prospective buyer is interested in examining the relationship

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Using a random sample of homes for sale, a prospective buyer is interested in examining the relationship between price and number of bedrooms. The graph shows the scatterplot for Price vs. number of Bedrooms. The correlation is 0.723.

3 4 5 6 7 8 Bedrooms 4. 3. 2. (000'00os) aqud


a) Check the assumptions and conditions for correlation.

b) Describe the relationship.

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Related Book For  answer-question

Business Statistics

ISBN: 9780133899122

3rd Canadian Edition

Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright

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