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
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
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fee710977-90c8-4f84-9cb1-1102aa3efb9b%2F53d31051-2e64-4ebf-8e04-01ccaf6482d4%2F9kmgg9q_processed.png&w=3840&q=75)
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
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