A sample of 12 homes sold last week in St. Paul, Minnesota, is selected. Can we conclude
Chapter 0, Problem 44(choose chapter or problem)
A sample of 12 homes sold last week in St. Paul, Minnesota, is selected. Can we conclude that, as the size of the home (reported below in thousands of square feet) increases, the selling price (reported in $ thousands) also increases? Home Size Home Size (thousands of Selling Price (thousands of Selling Price square feet) ($ thousands) square feet) ($ thousands) 1.4 100 1.3 110 1.3 110 0.8 85 1.2 105 1.2 105 1.1 120 0.9 75 1.4 80 1.1 70 1.0 105 1.1 95 a. Compute the correlation coefficient. b. Determine the coefficient of determination. c. Can we conclude that there is a positive association between the size of the home and the selling price? Use the .05 significance level.
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