(a) Make a scatter plot of the following data on X = home size and Y = selling price (thousands of dollars) for new homes (n =20) in a suburb of an eastern city. (b) Find the sample correlation coefficient. (c) Is there a linear relationship between X and Y? If so. describe it. Note: Use Excel or Megastat or MINITAB if your instructor permits.
Square Feet | Selling Price (thousands) | Square Feet | Selling Price (thousands) |
3,570 | 861 | 3,460 | 737 |
3,410 | 740 | 3,340 | 806 |
2,690 | 563 | 3,240 | 809 |
3,260 | 698 | 2,660 | 639 |
3,130 | 624 | 3,160 | 778 |
3,460 | 737 | 3,310 | 760 |
3,340 | 806 | 2,930 | 729 |
3,240 | 809 | 3,020 | 720 |
2,660 | 639 | 2,320 | 575 |
3,160 | 778 | 3,130 | 785 |
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