Introduction To Statistics And Data Analysis
6th Edition
ISBN: 9781337793612
Author: PECK, Roxy.
Publisher: Cengage Learning,
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Textbook Question
Chapter 5.2, Problem 30E
The following data on sale price, size, and land-to-building ratio for 10 large industrial properties appeared in the paper “Using Multiple
- a. Calculate and interpret the value of the
correlation coefficient between sale price and size. - b. Calculate and interpret the value of the correlation coefficient between sale price and land-to-building ratio.
- c. If you wanted to predict sale price and you could use either size or land-to-building ratio as the basis for making predictions, which would you use? Explain.
- d. Based on your choice in Part (c), find the equation of the least-squares line you would use for predicting y = sale price.
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Chapter 5 Solutions
Introduction To Statistics And Data Analysis
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