The following table shows the listing price and the selling price, in thousands of dollars, for eight
Question:
The following table shows the listing price and the selling price, in thousands of dollars, for eight houses listed and sold.
(a) Determine the correlation coefficient between the listing price and the selling price of a house.
(b) Determine whether a correlation exists at a=0.01.
(c) Determine the equation of the line of best fit for the listing price and selling price of a house.
(d) Use the equation in part (c) to estimate the selling price of a house listed for $130,000.
Round both m and b the nearest hundredth.
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a b Yes 0988 0834 c d y 099130 917 11953 120 000 x y 139 120 165 165 210 2...View the full answer
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Related Book For 
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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