The following data on sale price, size, and land-to-building ratio for 10 large industrial properties appeared in a paper.r=Property1r=2345678910Sale Price(millionsof dollars)10.72.730.61.7+20.17.910.16.65.74.4USE SALTSize(thousandsof sq. ft.)2,1677502,4212253,9182,8671,6991,0451,107404Land-to-BuildingRatio2.13.63.54.61.82.43.04.9(a) Calculate the value of the correlation coefficient between sale price (in millions of dollars) and size (in thousands of square feet). (Round your answer to four decimal places.)7.717.1(b) Calculate the value of the correlation coefficient between sale price (in millions of dollars) and land-to-building ratio. (Round your answer to four decimal places.)(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?O sizeO land-to-building ratio(d) Based on your choice in part (c), find the equation of the least-squares line you would use for predicting y = sale price (in millions of dollars). (Leave the data in the original units. Roundyour answers to four decimal places.)ŷ =

Given that : Sale Price (x) Land to building ration (Y) 10.7 2.1 2.7 3.6 30.6 3.5 1.7…

Answered: he following data on sale price, size,…

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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The following data on sale price, size, and land-to-building ratio for 10 large industrial properties appeared in a paper. Property Sale Price(millionsof dollars) Size(thousandsof sq. ft.) Land-to-BuildingRatio 1 10.5 2167 2.1 2 2.6 750 3.4 3 30.6 2421 3.7 4 1.9 223 4.7 5 20.1 3916 1.7 6 8.1 2865 2.3 7 10.2 1699 3.2 8 6.6 1047 4.9 9 5.7 1107 7.5 10 4.4 405 17.3 (a) Calculate the value of the correlation coefficient between sale price and size. (Give the answer to three decimal places.)r = (b) Calculate the value of the correlation coefficient between sale price and land-to-building ratio. (Give the answer to three decimal places.)r = (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? 1 - Size 2 - Land-to-building ratio (choose either 1 or 2 as the answer). (d) Based on your choice in Part (c), find the equation of the least-squares…

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he following data on sale price, size, and land-to-building ratio for 10 large industrial properties appeared in a paper. Sale Price (millions Property of dollars) 10.7 2.7 30.6 1 2 3 4 5 1.7 20.1 Size (thousands of sq. ft.) 2,167 750 2,421 225 3,918 Land-to- Building Ratio 2.1 3.6 3.5 4.6 1.8