Researcher collected information.about income and housing cost from 66 individuals. What is the correlation coefficient? What is the slope of the regression line? What is the intercept of the regression line? 6.500000
Researcher collected information.about income and housing cost from 66 individuals. What is the correlation coefficient? What is the slope of the regression line? What is the intercept of the regression line? 6.500000
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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Transcribed Image Text:Researcher collected information.about income and housing cost from 66 individuals.
What is the correlation coefficient?
What is the slope of the regression line?
What is the intercept of the regression line?
What is the predicted housing cost for an income of 52300?
What is R³? What does it tell us?
Plot the data and the regression line
Provide the QQ Plot of the residuals? What can you say?
Transcribed Image Text:Median.income Housing.Cost
37150
55891
45245
36658
51755
50449
56835
44993
51235
42990
45926
59586
44176
48398
42437
46500
42027
36699
37236
43923
60512
56017
45933
54215
32875
42986
37313
47923
48209
56984
63368
38947
47176
42056
42192
44203
37645
44159
46300
251.88
238.56
341.23
234.85
562.56
348.48
439.77
548.02
440.17
393.72
311.35
446.81
274.06
343.68
247.81
236.61
229.41
269.32
208.12
476.08
449.25
707.6
318.91
353.91
217.69
280.2
314.47
246.32
369.73
475.79
511.64
272.97
595.75
294.06
221.34
266.63
185.72
363
360.62
49484
40230
43151
39406
41422
54813
50704
51914
50646
36445
44650
44718
52814
30736
51557
42612
48992
39592
33338
29209
40306
47369
36021
37454
37771
51780
49745
571.43
280
260.46
269.27
199.03
285.94
405.25
402.93
394.93
211.4
309.32
219
442.25
275.28
188.4
331.76
444.2
274.42
162.4
384.06
148.24
169.75
410.1
250.87
363.18
155.52
474.54
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