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The Bank of Canada is interested in studying the relationship between mortgage rates and median home prices. The data is provided below Median home price $183,800 $183,200 $174,900 Year interest rate (%) 1988 10.30 1989 10.30 1990 10.10 1991 9.30 $173,500 $172,900 $173,200 $173,200 $169,700 1992 S.40 1993 7.30 1994 $.40 1995 7.90 1996 7.60 $174,500 $177,900 $188,100 $203,200 $230,200 1997 1998 7.60 6.90 1999 7.40 2000 S.10 2001 7.00 $258,200 $309,800 $329,800 2002 6.50 2003 2004 5.80 5.80 $431,000 $515,000 $537,000 2005 5.80 2006 6.40 2007 6.30 $496,000 2008 6.00 5.00 4.70 $352,000 2009 $232,000 2010 $291,700 $262,900 $299,200 $321,200 2011 4.40 2012 2013 3.60 4.00 2014 4.10 $373,500 $358,100 $382,500 $402.900 2015 3.80 3.60 4.00 2016 2017 d) Confum the intercept, slope and correlation coefficient by computing them without SPSS ) At the 5% significance level, determine if the model is useful. In responding, construct and test any appropriate hypothesis.

The Bank of Canada is interested in studying the relationship between mortgage rates and median home prices. The data is provided below Median home price $183,800 $183,200 $174,900 Year interest rate (%) 1988 10.30 1989 10.30 1990 10.10 1991 9.30 $173,500 $172,900 $173,200 $173,200 $169,700 1992 S.40 1993 7.30 1994 $.40 1995 7.90 1996 7.60 $174,500 $177,900 $188,100 $203,200 $230,200 1997 1998 7.60 6.90 1999 7.40 2000 S.10 2001 7.00 $258,200 $309,800 $329,800 2002 6.50 2003 2004 5.80 5.80 $431,000 $515,000 $537,000 2005 5.80 2006 6.40 2007 6.30 $496,000 2008 6.00 5.00 4.70 $352,000 2009 $232,000 2010 $291,700 $262,900 $299,200 $321,200 2011 4.40 2012 2013 3.60 4.00 2014 4.10 $373,500 $358,100 $382,500 $402.900 2015 3.80 3.60 4.00 2016 2017 d) Confum the intercept, slope and correlation coefficient by computing them without SPSS ) At the 5% significance level, determine if the model is useful. In responding, construct and test any appropriate hypothesis.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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The Bank of Canada is interested in studying the relationship between mortgage rates and median home prices. The data is provided below Median home price $183,800 $183,200 $174,900 $173,500 $172,900 $173,200 $173,200 $169,700 $174,500 $177,900 Year interest rate (%) 10.30 1988 1989 10.30 1990 10.10 1991 9.30 1992 8.40 1993 7.30 1994 8.40 1995 7.90 1996 7.60 1997 7.60 $188,100 $203,200 $230,200 $258,200 1998 6.90 1999 7.40 2000 8.10 2001 7.00 $309,800 $329,800 $431.000 2002 6.50 2003 5.80 2004 5.80 $515,000 $537,000 2005 5.80 2006 6.40 2007 6.30 $496,000 $352,000 $232,000 $291.700 $262,900 2008 6.00 2009 5.00 2010 4.70 2011 4.40 $299,200 $321,200 $373,500 $358,100 $382,500 $402,900 2012 3.60 2013 4.00 2014 4.10 2015 3.80 2016 3.60 2017 4.00 d) Confirm the intercept, slope and correlation coefficient by computing them without SPSS e) At the 5% significance level, determine if the model is useful. In responding, construct and test any appropriate hypothesis.
Transcribed Image Text:The Bank of Canada is interested in studying the relationship between mortgage rates and median home prices. The data is provided below Median home price $183,800 $183,200 $174,900 $173,500 $172,900 $173,200 $173,200 $169,700 $174,500 $177,900 Year interest rate (%) 10.30 1988 1989 10.30 1990 10.10 1991 9.30 1992 8.40 1993 7.30 1994 8.40 1995 7.90 1996 7.60 1997 7.60 $188,100 $203,200 $230,200 $258,200 1998 6.90 1999 7.40 2000 8.10 2001 7.00 $309,800 $329,800 $431.000 2002 6.50 2003 5.80 2004 5.80 $515,000 $537,000 2005 5.80 2006 6.40 2007 6.30 $496,000 $352,000 $232,000 $291.700 $262,900 2008 6.00 2009 5.00 2010 4.70 2011 4.40 $299,200 $321,200 $373,500 $358,100 $382,500 $402,900 2012 3.60 2013 4.00 2014 4.10 2015 3.80 2016 3.60 2017 4.00 d) Confirm the intercept, slope and correlation coefficient by computing them without SPSS e) At the 5% significance level, determine if the model is useful. In responding, construct and test any appropriate hypothesis.
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