Below is bivariate data on vintage dresser auctions, where X is the year of construction of the dresse and Yis the price sold at auction. 1842 1790 1886 1903 1819 1880 1851 Y 4500 8600 2100 1900 7500 1600 4900

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 2CYU
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answer the following questions. a) Identify or find the correlation coefficient (round to four decimal places) between the year of construction and price sold at auction, then interpret the direction and strength of the correlation. b) Find the Least-Squares Regression Line (round to four decimal places throughout.)
Below is bivariate data on vintage dresser auctions, where Xis the year of construction of the dresser
and Y is the price sold at auction.
X:
1842
1790
1886
1903
1819
1880
1851
Y
4500
8600
2100
1900
7500
1600
4900
Transcribed Image Text:Below is bivariate data on vintage dresser auctions, where Xis the year of construction of the dresser and Y is the price sold at auction. X: 1842 1790 1886 1903 1819 1880 1851 Y 4500 8600 2100 1900 7500 1600 4900
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