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
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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
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