Correlation Coefficient (List.Price, Sale.Price): r = 0.99401 Least Squares Line: Sale.Price = 64004 +0.91412 * List.Price .Price Sale. 10000000 9000000. 8000000. 0000009 7000000. 5000000. 4000000. 3000000 1000000. 2000000. List.price vs Sale.price 2000000 4000000 6000000 8000000 10000000 List.Price

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

I need help with this problem 

1. Interpret both the slope and y-intercept in words, specific to this problem.

Correlation Coefficient (List.Price, Sale.Price): r = 0.99401
Least Squares Line: Sale.Price = 64004 +0.91412 * List.Price
Sale.Price
0000006
10000000
8000000
7000000.
5000000
6000000
4000000
3000000.
1000000
2000000.
List.price vs Sale.price
2000000 4000000 6000000 8000000 10000000
List.Price
Transcribed Image Text:Correlation Coefficient (List.Price, Sale.Price): r = 0.99401 Least Squares Line: Sale.Price = 64004 +0.91412 * List.Price Sale.Price 0000006 10000000 8000000 7000000. 5000000 6000000 4000000 3000000. 1000000 2000000. List.price vs Sale.price 2000000 4000000 6000000 8000000 10000000 List.Price
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman