2. What is the value of the correlation coefficient? 3. Correlation is an indicator of strength and direction. Does your interpretation of this correlation agree the answer for strength and direction that you found by reading the graph on page 1? Explain.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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Question 2 and 3 need help with both pictures go hand in hand

Scatterplot
Weeks on Market Selling Price (in thousands of $)
18
125
48
73
51
61
33
76.5
56
53
9.
133
25
94
47
90
32
107
27
84
23
54
16
102
the relationship between weeks on the market and selling price. Don't forget to
Based on the graph, what is the....
Form:_Linear
Negative
Direction:
Strength: Moderate
Outlier(s): one
List (if any) or say "none"
Transcribed Image Text:Scatterplot Weeks on Market Selling Price (in thousands of $) 18 125 48 73 51 61 33 76.5 56 53 9. 133 25 94 47 90 32 107 27 84 23 54 16 102 the relationship between weeks on the market and selling price. Don't forget to Based on the graph, what is the.... Form:_Linear Negative Direction: Strength: Moderate Outlier(s): one List (if any) or say "none"
Calculator instructions, if you need them, are as follows:
Input "Weeks on Market" into L1 and "Selling Price" into L2.
Press [STAT]
Use arrows to go over to CALC menu
Then use arrows to go down to 4: LinReg (ax+b)
Depending on which version you have you need to tell the calculator which lists your data is in.
Then press the [ENTER] key
2. What is the value of the correlation coefficient?
3. Correlation is an indicator of strength and direction. Does your interpretation of this correlation agree
the answer for strength and direction that you found by reading the graph on page 1? Explain.
Transcribed Image Text:Calculator instructions, if you need them, are as follows: Input "Weeks on Market" into L1 and "Selling Price" into L2. Press [STAT] Use arrows to go over to CALC menu Then use arrows to go down to 4: LinReg (ax+b) Depending on which version you have you need to tell the calculator which lists your data is in. Then press the [ENTER] key 2. What is the value of the correlation coefficient? 3. Correlation is an indicator of strength and direction. Does your interpretation of this correlation agree the answer for strength and direction that you found by reading the graph on page 1? Explain.
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