Question: Please help me Question four (7 marks) A developer in Maxwell City is in the process of deciding if to pursue purchasing a commercial real

Please help me

Please help me Question four (7 marks) A developer in Maxwell City

Question four (7 marks) A developer in Maxwell City is in the process of deciding if to pursue purchasing a commercial real estate listing to construct an ofce building. He believes the success of the venture will depend to the most recent average family income (X) which impacts the number of office space rentals in Maxwell (Y). Recently, data associating average family income (X) ($000's) with office space rentals (Y) (000's) was collected and summarized. The results are given below: Rental Units (0005) (Y) 49 57 66 75 90 86 97 112 130 IX: 1279 ZXY= 113824 2X2 = 187757 At the 0.01 level of significance, can we conclude a significant positive relationship exist between average income and the number of office space rental units in Maxwell? Show your calculations. Use the p-value approach

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!