Question: The following data represent the square footage and rent for apartments in the borough of Queens and Nassau County, New York. (a) On the same
The following data represent the square footage and rent for apartments in the borough of Queens and Nassau County, New York.
.png)
(a) On the same graph, draw a scatter diagram for both Queens and Nassau County apartments treating square footage as the explanatory variable. Be sure to use a different plotting symbol for each group.
(b) Compute the linear correlation coefï¬cient between square footage and rent for each location.
(c) Does a linear relation exist between the two variables for each location?
(d) Does location appear to be a factor in rent?
Queens (New York City) Nassau Countv (Long Island) Square Footage,x 500 588 Rent per Square Month, y | Footage,x Rent per 650 1215 2000 1655 1250 1805 2700 1200 1250 2350 3300 3100 1100 588 1250 556 825 743 660 975 1429 800 1906 1077 Month, y 1875 1075 1775 1050 1300 1475 1315 1400 1900 1650 4625 1395 1000 688 825 460 1259 650 560 1073 1452 1305
Step by Step Solution
3.32 Rating (173 Votes )
There are 3 Steps involved in it
a b To calculate each correlation coefficient we use the computational formula Queens New York City x y x i 2 y i 2 x i y i 500 650 250000 422500 3250... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
445-M-S-D-A (1027).docx
120 KBs Word File
