The value of the sample correlation coefficent r for these data it approximately -0.508. Answer the following. Carry your intermediate ocomputations to at least four decimal places, and reund your answers as specified below. (If necessary, consult a lst of fermulas-) (a) What is the value of the slope of the least-squares regression line for these data? Round your answer to at least two decimal places (b) What is the value of the y-interoept of the least-squares regression line for these data Round your answer to at least two decimal places

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Question

1

The value of the sample correlation coefficient r for these data in approximately -0.508.
Answer the following. Carry your intermediate computations to at least four decimal places, and round your answers as specified below. (If necessary, consult a
list of formulas-)
(a) What is the value of the slope of the least-squares regression line for these data?
Round your answer to at least two decimal places
(b) what is the value of the y-intercept of the least-squares regression line for these data
Round your answer to at least two decimal places.
Transcribed Image Text:The value of the sample correlation coefficient r for these data in approximately -0.508. Answer the following. Carry your intermediate computations to at least four decimal places, and round your answers as specified below. (If necessary, consult a list of formulas-) (a) What is the value of the slope of the least-squares regression line for these data? Round your answer to at least two decimal places (b) what is the value of the y-intercept of the least-squares regression line for these data Round your answer to at least two decimal places.
We want to predict the selling price of a house in Newburg Park, Florida, based on the distance the house hes from the beach. Suppose that we're given the data
in the table below. These data detail the distance from the beach (x, in miles) and the selling price (y, in thousands of dollars) for each of a sample of sixteen
homes sold in Newburg Park in the past year. The data are plotted in the scatter plot in Figure 1.
Distance from the
Selling price, y
beach, x
(in miles)
(in thousands of
dollars)
5.5
269.6
3.5
312.6
7.9
292.4
9.5
235.9
19.7
226.4
6.6
219.2
11.3
208.7
11.0
282.4
16.3.
264.6
5.2
312.9
3.7
273.6
7.6
250.0
Distance from the beach
(in miles)
13.1
236.7
11.8
273.4
Fgire
12.5
191.1
12.1
190.0
Selling price
(in thousands of dollars)
Transcribed Image Text:We want to predict the selling price of a house in Newburg Park, Florida, based on the distance the house hes from the beach. Suppose that we're given the data in the table below. These data detail the distance from the beach (x, in miles) and the selling price (y, in thousands of dollars) for each of a sample of sixteen homes sold in Newburg Park in the past year. The data are plotted in the scatter plot in Figure 1. Distance from the Selling price, y beach, x (in miles) (in thousands of dollars) 5.5 269.6 3.5 312.6 7.9 292.4 9.5 235.9 19.7 226.4 6.6 219.2 11.3 208.7 11.0 282.4 16.3. 264.6 5.2 312.9 3.7 273.6 7.6 250.0 Distance from the beach (in miles) 13.1 236.7 11.8 273.4 Fgire 12.5 191.1 12.1 190.0 Selling price (in thousands of dollars)
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