Refer to the previous exercise about the association between prices and sizes of houses. Recall that the
Question:
Refer to the previous exercise about the association between prices and sizes of houses. Recall that the data file HousePrices contains data on prices ($) and sizes (in square feet) for a random sample of houses that sold in the year 2006 in Arroyo Grande, California.
a. Enter the data into the Corr/Regression applet and conduct a simulation-based test of significance. Report the approximate p-value.
b. Interpret the p-value reported in part (a).
c. Summarize your conclusion (significance, causation, generalizability) from this simulation analysis. Also describe the reasoning process by which your conclusion follows from your simulation results.
Step by Step Answer:
a The pvalue is about 0 b If there is no association bet...View the full answer
Introduction To Statistical Investigations
ISBN: 9781118172148
1st Edition
Authors: Beth L.Chance, George W.Cobb, Allan J.Rossman Nathan Tintle, Todd Swanson Soma Roy
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