A researcher is analyzing the relationship between various variables in housing data for 32 cities: median list prices of single family homes, condominium or co-ops, all homes, median household income, unemployment rate, and population. What is the correlation coefficient R for the model that predicts the list price of single family homes using population as an explanatory variable? R= Ex: 1.234 What is the interpretation of this correlation coefficient in context? A Pick moderate strong weak correlation exists between the list price of single family homes and population.

MATLAB: An Introduction with Applications
6th Edition
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Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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Please answer both parts Thank you
2:34 OODU
UG 96%
cityhomes (1)
fx
A
B
D
E
F
H
1
Single family Population
2
403,000
498044
'Population' by 'Single family'
331,000
208,000
829,000
3
425403
4
302605
1426000
450,000
250998
518,000
257,000
7
653115
181883
184,000
491918
10
292,000
2706000
1
210,000
261,000
11
145862
12
84981
13
890,000
744955
Millions
14
297,000
43412
Single family
15
172,000
18681
16
162,000
216853
17
228,000
287401
18
298,000
96252
19
613,000
48319
20
246,000
2326000
21
122,000
650618
22
170,000
138183
23
68,438
164422
24
330,000
392890
134,000
535,000
25
37804
26
48532
27
333,000
644644
28
1,640,000
888305
29
209,000
1584000
311,000
440,000
30
872498
31
121890
32
407,000
215,000
133762
33
1487000
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
Sheet1
Sheet2
+
Transcribed Image Text:2:34 OODU UG 96% cityhomes (1) fx A B D E F H 1 Single family Population 2 403,000 498044 'Population' by 'Single family' 331,000 208,000 829,000 3 425403 4 302605 1426000 450,000 250998 518,000 257,000 7 653115 181883 184,000 491918 10 292,000 2706000 1 210,000 261,000 11 145862 12 84981 13 890,000 744955 Millions 14 297,000 43412 Single family 15 172,000 18681 16 162,000 216853 17 228,000 287401 18 298,000 96252 19 613,000 48319 20 246,000 2326000 21 122,000 650618 22 170,000 138183 23 68,438 164422 24 330,000 392890 134,000 535,000 25 37804 26 48532 27 333,000 644644 28 1,640,000 888305 29 209,000 1584000 311,000 440,000 30 872498 31 121890 32 407,000 215,000 133762 33 1487000 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 Sheet1 Sheet2 +
CHALLENGE ACTIVITY
3.3.3: Excel: Using regression to make predictions.
Click this link to download the spreadsheet for use in this activity. Use the Regression function in the Data Analysis ToolPak.
Specify the data range for the response variable in 'Input Y Range" and the data range for the explanatory variable in "Input X
Range".
Jump to level 1
A researcher is analyzing the relationship between various variables in housing data for 32 cities: median list
prices of single family homes, condominium or co-ops, all homes, median household income, unemployment rate,
and population.
What is the correlation coefficient R for the model that predicts the list price of single family homes using
population as an explanatory variable?
R = Ex: 1.234
What is the interpretation of this correlation coefficient in context?
A Pick
moderate
strong
weak
correlation exists between the list price of single family homes and population.
1
Check
Next
Feedback?
Transcribed Image Text:CHALLENGE ACTIVITY 3.3.3: Excel: Using regression to make predictions. Click this link to download the spreadsheet for use in this activity. Use the Regression function in the Data Analysis ToolPak. Specify the data range for the response variable in 'Input Y Range" and the data range for the explanatory variable in "Input X Range". Jump to level 1 A researcher is analyzing the relationship between various variables in housing data for 32 cities: median list prices of single family homes, condominium or co-ops, all homes, median household income, unemployment rate, and population. What is the correlation coefficient R for the model that predicts the list price of single family homes using population as an explanatory variable? R = Ex: 1.234 What is the interpretation of this correlation coefficient in context? A Pick moderate strong weak correlation exists between the list price of single family homes and population. 1 Check Next Feedback?
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