Answer the following statistic questions. Below is bivariate data on vintage dresser auctions, where X is the year of construction of the dresserand Yis the price sold at auction.18421790,18861903181918801851Y4500860021001900750016004900a) Find the correlation coefficient (round to four decimal places) between year of construction andprice sold at auction and then interpret the direction and strength of the correlation.b) Find the Least-Squares Regression Line (round to four decimal places throughout.)c) Predict the price sold at auction of a dresser made in 1865 (round to the nearest dollar.)d) If a pair of dressers differ by 30 years in year of construction, by how much would we predicttheir prices at auction to differ (round to nearest dollar)?

For the given data Find Correlation ,regression line

Answered: Below is bivariate data on vintage…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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