The following data on sale price, size, and land-to-building ratio for 10 large industrial properties appeared in a paper.Sale Price Size(millionsProperty of dollars) of sq. ft.)Land-to-(thousands BuildingRatio110.521672.022.57503.5330.524213.541.82234.720.039161.86.8.028652.4710.216993.286.810474.99.5.911087.6104.640517.2(a) Calculate the value of the correlation coefficient between sale price and size. (Give the answer to three decimal places.)r = 0.702(b) Calculate the value of the correlation coefficient between sale price and land-to-building ratio. (Give the answer to three decimal places.)r = -0.332(c) If you wanted to predict sale price and you could use either size or land-to-building ratio as the basis for making predictions, which would you use?SizeLand-to-building ratio(d) Based on your choice in Part (c), find the equation of the least-squares regression line you would use for predicting y = sale price. (Give answers to three decimal places.)1.077X + 0.005||

(d) The sums are, x y x2 xy 2167 10.5 4695889 22753.5 750 2.5 562500 1875 2421 30.5 5861241…

Answered: (d) Based on your choice in Part (c),…

(d) Based on your choice in Part (c), find the equation of the least-squares regression line you would use for predicting y = sale price. (Give answers to three decimal places.) ý = 1.077 X + 0.005

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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