Solved

A Realtor Collected the Following Data for a Random Sample

Question 79

Essay

A realtor collected the following data for a random sample of ten homes that recently sold in her area.  House  Asking Price  Days on Market  A $114,50029 B $149,90016 C $154,70059 D $159,90042 E $160,00072 F $165,90045 G $169,70012 H $171,90039 I $175,00081 J $289,900121\begin{array} { | c | c | c | } \hline \text { House } & \text { Asking Price } & \text { Days on Market } \\\hline \text { A } & \$ 114,500 & 29 \\\hline \text { B } & \$ 149,900 & 16 \\\hline \text { C } & \$ 154,700 & 59 \\\hline \text { D } & \$ 159,900 & 42 \\\hline \text { E } & \$ 160,000 & 72 \\\hline \text { F } & \$ 165,900 & 45 \\\hline \text { G } & \$ 169,700 & 12 \\\hline \text { H } & \$ 171,900 & 39 \\\hline \text { I } & \$ 175,000 & 81 \\\hline \text { J } & \$ 289,900 & 121 \\\hline\end{array} a. Construct a scattergram for the data. b. Find the least squares line for the data and plot the line on your scattergram. c. Test whether the number of days on the market, y, is positively linearly related to the asking price, x. Use α = .05.

Correct Answer:

verifed

Verified

blured image Based on 8 degrees of freedom, the reje...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents