A realtor is trying to assess the prices of homes in a new development. She wants to know if the age of the house (x) can explain the selling price (y) of a home, in thousands of dollars. 1 4 7 8 9 10 y 245 180 200 200 171 120 115 69 60 47 You are to conduct hypothesis testing of Pearson correlation that there is a relationship between the age of the house (x) and the selling price (y). Calculate the test statistic (in decimal points x.Xxx) and the p-value (in 6 decimal points x.xxxXxx) for this test. The test statistic is (in 3 decimal points x.xxx) and the p-value is (in 6 decimal points x.xxXxxx) Hint: You need to use R. For your convenience, here are the dataset in R. (1}... x<- C( 1, 2, 3, 4, 5, 6, 7, 8, 9, 10) y <-c(245,180, 200, 200, 171, 120,115, 69, 60,47)

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A realtor is trying to assess the prices of homes in a new development.
She wants to know if the age of the house (x) can explain the selling price (y) of a home, in thousands of dollars.
1
2
4
8
10
y
245
180
200
200
171
120
115
69
60
47
You are to conduct hypothesis testing of Pearson correlation that there is a relationship between the age of the house (x) and the selling price (y).
Calculate the test statistic (in 3 decimal points x.Xxx) and the p-value (in 6 decimal points x.XXXXxx) for this test.
The test statistic is
(in 3 decimal points x.xxx) and the p-value is
(in 6 decimal points x.xxxxx)
Hint: You need to use R. For your convenience, here are the dataset in R.
{1},..
x<- C( 1, 2, 3, 4, 5, 6, 7, 8, 9, 10)
y <-c(245,180, 200, 200, 171, 120,115, 69, 60,47)
Transcribed Image Text:A realtor is trying to assess the prices of homes in a new development. She wants to know if the age of the house (x) can explain the selling price (y) of a home, in thousands of dollars. 1 2 4 8 10 y 245 180 200 200 171 120 115 69 60 47 You are to conduct hypothesis testing of Pearson correlation that there is a relationship between the age of the house (x) and the selling price (y). Calculate the test statistic (in 3 decimal points x.Xxx) and the p-value (in 6 decimal points x.XXXXxx) for this test. The test statistic is (in 3 decimal points x.xxx) and the p-value is (in 6 decimal points x.xxxxx) Hint: You need to use R. For your convenience, here are the dataset in R. {1},.. x<- C( 1, 2, 3, 4, 5, 6, 7, 8, 9, 10) y <-c(245,180, 200, 200, 171, 120,115, 69, 60,47)
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