The data below shows the selling price (in hundred thousands) and the list price (in hundred thousands) of homes sold. Construct a scatterplot, find the value of the linear correlation coefficient r, and find the P-value using a = 0.05. Is there sufficient evidence to conclude that there is a linear correlation between the two variables? Selling Price (x) List Price (y) 404 300 379 434 457 478 318 352 417 331 412 317 389 436 486 478 320 367 434 342 300 400 500 300 400 500 300 400 500 300 400 500 The linear correlation coefficient r is (Round to three decimal places as needed.) The test statistic t is (Round to three decimal places as needed.) The P-value is (Round to three decimal places as needed.) Because the P-value is less than the significance level 0.05, there is sufficient evidence to support the claim that there is a linear correlation between selling price (in hundred thousands) and the list price (in hundred thousands) of homes sold for a significance level of a= 0.05.

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Author:Amos Gilat
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The data below shows the selling price (in hundred thousands) and the list price (in hundred thousands) of homes sold. Construct a scatterplot, find the value of the
linear correlation coefficient r, and find the P-value using a = 0.05. Is there sufficient evidence to conclude that there is a linear correlation between the two variables?
Selling Price (x)
List Price (y)
404
300
379
434
457
478
318
352
417
331
412
317
389
436
486
478
320
367
434
342
300
400
500
300
400
500
300
400
500
300
400
500
The linear correlation coefficient r is
(Round to three decimal places as needed.)
The test statistic t is
(Round to three decimal places as needed.)
The P-value is
(Round to three decimal places as needed.)
Because the P-value is
less
than the significance level 0.05, there
is
sufficient evidence to support the claim that there is a linear correlation between selling
price (in hundred thousands) and the list price (in hundred thousands) of homes sold for a significance level of a = 0.05.
Transcribed Image Text:The data below shows the selling price (in hundred thousands) and the list price (in hundred thousands) of homes sold. Construct a scatterplot, find the value of the linear correlation coefficient r, and find the P-value using a = 0.05. Is there sufficient evidence to conclude that there is a linear correlation between the two variables? Selling Price (x) List Price (y) 404 300 379 434 457 478 318 352 417 331 412 317 389 436 486 478 320 367 434 342 300 400 500 300 400 500 300 400 500 300 400 500 The linear correlation coefficient r is (Round to three decimal places as needed.) The test statistic t is (Round to three decimal places as needed.) The P-value is (Round to three decimal places as needed.) Because the P-value is less than the significance level 0.05, there is sufficient evidence to support the claim that there is a linear correlation between selling price (in hundred thousands) and the list price (in hundred thousands) of homes sold for a significance level of a = 0.05.
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