Explanation If the data is plotted on a graph and if they fall on a line, then the relationship between the price and the number of homes will suggest a linear relationship. Given: The following market data: Price (thousands of $) 180 195 220 240 No. of homes sold 127 118 103 91 Formula Used: Equation of line passing through two points is given by two point form of line. Two point form of line passing through two points ( x 1 , y 1 ) and ( x 2 , y 2 ) is given by y – y 1 = y 2 – y 1 x 2 – x 1 ( x – x 1 ) Calculation: Let the two points are given as ( 180 , 127 ) and ( 195 , 118 ) Equation of line passing through the points ( 180 , 127 ) and ( 195 , 118 ) is given as follows: y – 127 = 127 – 118 180 - 195 ( x - 180 ) y – 127 = 9 - 15 ( <

4th Edition

ISBN: 9781319323394

Author: Rogawski

Publisher: MAC HIGHER

See similar textbooks

Concept explainers

Correlation

Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.

Linear Correlation

A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.

Regression Analysis

Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as p…

Videos

Question

Chapter 1, Problem 27CRE

To determine

Whether the following market data suggests a linear relationship between the price and number of homes sold during a period of one year.

Price (thousands of $) 180 195 220 240

No. of homes sold 127 118 103 91

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Chapter 1, Problem 26CRE

Chapter 1, Problem 28CRE

Students have asked these similar questions

T 1 7. Fill in the blanks to write the calculus problem that would result in the following integral (do not evaluate the interval). Draw a graph representing the problem. So π/2 2 2πxcosx dx Find the volume of the solid obtained when the region under the curve on the interval is rotated about the axis.

38,189 5. Draw a detailed graph to and set up, but do not evaluate, an integral for the volume of the solid obtained by rotating the region bounded by the curve: y = cos²x_for_ |x| ≤ and the curve y y = about the line x = =플 2 80 F3 a FEB 9 2 7 0 MacBook Air 3 2 stv DG

Find f(x) and g(x) such that h(x) = (fog)(x) and g(x) = 3 - 5x. h(x) = (3 –5x)3 – 7(3 −5x)2 + 3(3 −5x) – 1 - - - f(x) = ☐

Chapter 1 Solutions

CALCULUS W/SAPLING ACCESS >IC<

Ch. 1.1 - Prob. 1PQ Ch. 1.1 - Prob. 2PQ Ch. 1.1 - Prob. 3PQ Ch. 1.1 - Prob. 4PQ Ch. 1.1 - Prob. 5PQ Ch. 1.1 - Prob. 6PQ Ch. 1.1 - Prob. 7PQ Ch. 1.1 - Prob. 8PQ Ch. 1.1 - Prob. 9PQ Ch. 1.1 - Prob. 10PQ

Ch. 1.1 - Prob. 1E Ch. 1.1 - Prob. 2E Ch. 1.1 - Prob. 3E Ch. 1.1 - Prob. 4E Ch. 1.1 - Prob. 5E Ch. 1.1 - Prob. 6E Ch. 1.1 - Prob. 7E Ch. 1.1 - Prob. 8E Ch. 1.1 - Prob. 9E Ch. 1.1 - Prob. 10E Ch. 1.1 - Prob. 11E Ch. 1.1 - Prob. 12E Ch. 1.1 - Prob. 13E Ch. 1.1 - Prob. 14E Ch. 1.1 - Prob. 15E Ch. 1.1 - Prob. 16E Ch. 1.1 - Prob. 17E Ch. 1.1 - Prob. 18E Ch. 1.1 - Prob. 19E Ch. 1.1 - Prob. 20E Ch. 1.1 - Prob. 21E Ch. 1.1 - Prob. 22E Ch. 1.1 - Prob. 23E Ch. 1.1 - Prob. 24E Ch. 1.1 - Prob. 25E Ch. 1.1 - Prob. 26E Ch. 1.1 - Prob. 27E Ch. 1.1 - Prob. 28E Ch. 1.1 - Prob. 29E Ch. 1.1 - Prob. 30E Ch. 1.1 - Prob. 31E Ch. 1.1 - Prob. 32E Ch. 1.1 - Prob. 33E Ch. 1.1 - Prob. 34E Ch. 1.1 - Prob. 35E Ch. 1.1 - Prob. 36E Ch. 1.1 - Prob. 37E Ch. 1.1 - Prob. 38E Ch. 1.1 - Prob. 39E Ch. 1.1 - Prob. 40E Ch. 1.1 - Prob. 41E Ch. 1.1 - Prob. 42E Ch. 1.1 - Prob. 43E Ch. 1.1 - Prob. 44E Ch. 1.1 - Prob. 45E Ch. 1.1 - Prob. 46E Ch. 1.1 - Prob. 47E Ch. 1.1 - Prob. 48E Ch. 1.1 - Prob. 49E Ch. 1.1 - Prob. 50E Ch. 1.1 - Prob. 51E Ch. 1.1 - Prob. 52E Ch. 1.1 - Prob. 53E Ch. 1.1 - Prob. 54E Ch. 1.1 - Prob. 55E Ch. 1.1 - Prob. 56E Ch. 1.1 - Prob. 57E Ch. 1.1 - Prob. 58E Ch. 1.1 - Prob. 59E Ch. 1.1 - Prob. 60E Ch. 1.1 - Prob. 61E Ch. 1.1 - Prob. 62E Ch. 1.1 - Prob. 63E Ch. 1.1 - Prob. 64E Ch. 1.1 - Prob. 65E Ch. 1.1 - Prob. 66E Ch. 1.1 - Prob. 67E Ch. 1.1 - Prob. 68E Ch. 1.1 - Prob. 69E Ch. 1.1 - Prob. 70E Ch. 1.1 - Prob. 71E Ch. 1.1 - Prob. 72E Ch. 1.1 - Prob. 73E Ch. 1.1 - Prob. 74E Ch. 1.1 - Prob. 75E Ch. 1.1 - Prob. 76E Ch. 1.1 - Prob. 77E Ch. 1.1 - Prob. 78E Ch. 1.1 - Prob. 79E Ch. 1.1 - Prob. 80E Ch. 1.1 - Prob. 81E Ch. 1.1 - Prob. 82E Ch. 1.1 - Prob. 83E Ch. 1.1 - Prob. 84E Ch. 1.1 - Prob. 85E Ch. 1.1 - Prob. 86E Ch. 1.1 - Prob. 87E Ch. 1.1 - Prob. 88E Ch. 1.1 - Prob. 89E Ch. 1.1 - Prob. 90E Ch. 1.1 - Prob. 91E Ch. 1.1 - Prob. 92E Ch. 1.2 - Prob. 1PQ Ch. 1.2 - Prob. 2PQ Ch. 1.2 - Prob. 3PQ Ch. 1.2 - Prob. 4PQ Ch. 1.2 - Prob. 5PQ Ch. 1.2 - Prob. 6PQ Ch. 1.2 - Prob. 7PQ Ch. 1.2 - Prob. 8PQ Ch. 1.2 - Prob. 1E Ch. 1.2 - Prob. 2E Ch. 1.2 - Prob. 3E Ch. 1.2 - Prob. 4E Ch. 1.2 - Prob. 5E Ch. 1.2 - Prob. 6E Ch. 1.2 - Prob. 7E Ch. 1.2 - Prob. 8E Ch. 1.2 - Prob. 9E Ch. 1.2 - Prob. 10E Ch. 1.2 - Prob. 11E Ch. 1.2 - Prob. 12E Ch. 1.2 - Prob. 13E Ch. 1.2 - Prob. 14E Ch. 1.2 - Prob. 15E Ch. 1.2 - Prob. 16E Ch. 1.2 - Prob. 17E Ch. 1.2 - Prob. 18E Ch. 1.2 - Prob. 19E Ch. 1.2 - Prob. 20E Ch. 1.2 - Prob. 21E Ch. 1.2 - Prob. 22E Ch. 1.2 - Prob. 23E Ch. 1.2 - Prob. 24E Ch. 1.2 - Prob. 25E Ch. 1.2 - Prob. 26E Ch. 1.2 - Prob. 27E Ch. 1.2 - Prob. 28E Ch. 1.2 - Prob. 29E Ch. 1.2 - Prob. 30E Ch. 1.2 - Prob. 31E Ch. 1.2 - Prob. 32E Ch. 1.2 - Prob. 33E Ch. 1.2 - Prob. 34E Ch. 1.2 - Prob. 35E Ch. 1.2 - Prob. 36E Ch. 1.2 - Prob. 37E Ch. 1.2 - Prob. 38E Ch. 1.2 - Prob. 39E Ch. 1.2 - Prob. 40E Ch. 1.2 - Prob. 41E Ch. 1.2 - Prob. 42E Ch. 1.2 - Prob. 43E Ch. 1.2 - Prob. 44E Ch. 1.2 - Prob. 45E Ch. 1.2 - Prob. 46E Ch. 1.2 - Prob. 47E Ch. 1.2 - Prob. 48E Ch. 1.2 - Prob. 49E Ch. 1.2 - Prob. 50E Ch. 1.2 - Prob. 51E Ch. 1.2 - Prob. 52E Ch. 1.2 - Prob. 53E Ch. 1.2 - Prob. 54E Ch. 1.2 - Prob. 55E Ch. 1.2 - Prob. 56E Ch. 1.2 - Prob. 57E Ch. 1.2 - Prob. 58E Ch. 1.2 - Prob. 59E Ch. 1.2 - Prob. 60E Ch. 1.2 - Prob. 61E Ch. 1.2 - Prob. 62E Ch. 1.2 - Prob. 63E Ch. 1.3 - Prob. 1PQ Ch. 1.3 - Prob. 2PQ Ch. 1.3 - Prob. 3PQ Ch. 1.3 - Prob. 4PQ Ch. 1.3 - Prob. 5PQ Ch. 1.3 - Prob. 1E Ch. 1.3 - Prob. 2E Ch. 1.3 - Prob. 3E Ch. 1.3 - Prob. 4E Ch. 1.3 - Prob. 5E Ch. 1.3 - Prob. 6E Ch. 1.3 - Prob. 7E Ch. 1.3 - Prob. 8E Ch. 1.3 - Prob. 9E Ch. 1.3 - Prob. 10E Ch. 1.3 - Prob. 11E Ch. 1.3 - Prob. 12E Ch. 1.3 - Prob. 13E Ch. 1.3 - Prob. 14E Ch. 1.3 - Prob. 15E Ch. 1.3 - Prob. 16E Ch. 1.3 - Prob. 17E Ch. 1.3 - Prob. 18E Ch. 1.3 - Prob. 19E Ch. 1.3 - Prob. 20E Ch. 1.3 - Prob. 21E Ch. 1.3 - Prob. 22E Ch. 1.3 - Prob. 23E Ch. 1.3 - Prob. 24E Ch. 1.3 - Prob. 25E Ch. 1.3 - Prob. 26E Ch. 1.3 - Prob. 27E Ch. 1.3 - Prob. 28E Ch. 1.3 - Prob. 29E Ch. 1.3 - Prob. 30E Ch. 1.3 - Prob. 31E Ch. 1.3 - Prob. 32E Ch. 1.3 - Prob. 33E Ch. 1.3 - Prob. 34E Ch. 1.3 - Prob. 35E Ch. 1.3 - Prob. 36E Ch. 1.3 - Prob. 37E Ch. 1.3 - Prob. 38E Ch. 1.3 - Prob. 39E Ch. 1.3 - Prob. 40E Ch. 1.3 - Prob. 41E Ch. 1.3 - Prob. 42E Ch. 1.3 - Prob. 43E Ch. 1.3 - Prob. 44E Ch. 1.3 - Prob. 45E Ch. 1.3 - Prob. 46E Ch. 1.3 - Prob. 47E Ch. 1.3 - Prob. 48E Ch. 1.3 - Prob. 49E Ch. 1.4 - Prob. 1PQ Ch. 1.4 - Prob. 2PQ Ch. 1.4 - Prob. 3PQ Ch. 1.4 - Prob. 4PQ Ch. 1.4 - Prob. 5PQ Ch. 1.4 - Prob. 6PQ Ch. 1.4 - Prob. 1E Ch. 1.4 - Prob. 2E Ch. 1.4 - Prob. 3E Ch. 1.4 - Prob. 4E Ch. 1.4 - Prob. 5E Ch. 1.4 - Prob. 6E Ch. 1.4 - Prob. 7E Ch. 1.4 - Prob. 8E Ch. 1.4 - Prob. 9E Ch. 1.4 - Prob. 10E Ch. 1.4 - Prob. 11E Ch. 1.4 - Prob. 12E Ch. 1.4 - Prob. 13E Ch. 1.4 - Prob. 14E Ch. 1.4 - Prob. 15E Ch. 1.4 - Prob. 16E Ch. 1.4 - Prob. 17E Ch. 1.4 - Prob. 18E Ch. 1.4 - Prob. 19E Ch. 1.4 - Prob. 20E Ch. 1.4 - Prob. 21E Ch. 1.4 - Prob. 22E Ch. 1.4 - Prob. 23E Ch. 1.4 - Prob. 24E Ch. 1.4 - Prob. 25E Ch. 1.4 - Prob. 26E Ch. 1.4 - Prob. 27E Ch. 1.4 - Prob. 28E Ch. 1.4 - Prob. 29E Ch. 1.4 - Prob. 30E Ch. 1.4 - Prob. 31E Ch. 1.4 - Prob. 32E Ch. 1.4 - Prob. 33E Ch. 1.4 - Prob. 34E Ch. 1.4 - Prob. 35E Ch. 1.4 - Prob. 36E Ch. 1.4 - Prob. 37E Ch. 1.4 - Prob. 38E Ch. 1.4 - Prob. 39E Ch. 1.4 - Prob. 40E Ch. 1.4 - Prob. 41E Ch. 1.4 - Prob. 42E Ch. 1.4 - Prob. 43E Ch. 1.4 - Prob. 44E Ch. 1.4 - Prob. 45E Ch. 1.4 - Prob. 46E Ch. 1.4 - Prob. 47E Ch. 1.4 - Prob. 48E Ch. 1.4 - Prob. 49E Ch. 1.4 - Prob. 50E Ch. 1.4 - Prob. 51E Ch. 1.4 - Prob. 52E Ch. 1.4 - Prob. 53E Ch. 1.4 - Prob. 54E Ch. 1.4 - Prob. 55E Ch. 1.4 - Prob. 56E Ch. 1.4 - Prob. 57E Ch. 1.4 - Prob. 58E Ch. 1.4 - Prob. 59E Ch. 1.4 - Prob. 60E Ch. 1.4 - Prob. 61E Ch. 1.4 - Prob. 62E Ch. 1.4 - Prob. 63E Ch. 1.4 - Prob. 64E Ch. 1.4 - Prob. 65E Ch. 1.4 - Prob. 66E Ch. 1.4 - Prob. 67E Ch. 1.4 - Prob. 68E Ch. 1.5 - Prob. 1PQ Ch. 1.5 - Prob. 2PQ Ch. 1.5 - Prob. 3PQ Ch. 1.5 - Prob. 4PQ Ch. 1.5 - Prob. 1E Ch. 1.5 - Prob. 2E Ch. 1.5 - Prob. 3E Ch. 1.5 - Prob. 4E Ch. 1.5 - Prob. 5E Ch. 1.5 - Prob. 6E Ch. 1.5 - Prob. 7E Ch. 1.5 - Prob. 8E Ch. 1.5 - Prob. 9E Ch. 1.5 - Prob. 10E Ch. 1.5 - Prob. 11E Ch. 1.5 - Prob. 12E Ch. 1.5 - Prob. 13E Ch. 1.5 - Prob. 14E Ch. 1.5 - Prob. 15E Ch. 1.5 - Prob. 16E Ch. 1.5 - Prob. 17E Ch. 1.5 - Prob. 18E Ch. 1.5 - Prob. 19E Ch. 1.5 - Prob. 20E Ch. 1.5 - Prob. 21E Ch. 1.5 - Prob. 22E Ch. 1.5 - Prob. 23E Ch. 1.5 - Prob. 24E Ch. 1.5 - Prob. 25E Ch. 1.5 - Prob. 26E Ch. 1.5 - Prob. 27E Ch. 1.5 - Prob. 28E Ch. 1 - Prob. 1CRE Ch. 1 - Prob. 2CRE Ch. 1 - Prob. 3CRE Ch. 1 - Prob. 4CRE Ch. 1 - Prob. 5CRE Ch. 1 - Prob. 6CRE Ch. 1 - Prob. 7CRE Ch. 1 - Prob. 8CRE Ch. 1 - Prob. 9CRE Ch. 1 - Prob. 10CRE Ch. 1 - Prob. 11CRE Ch. 1 - Prob. 12CRE Ch. 1 - Prob. 13CRE Ch. 1 - Prob. 14CRE Ch. 1 - Prob. 15CRE Ch. 1 - Prob. 16CRE Ch. 1 - Prob. 17CRE Ch. 1 - Prob. 18CRE Ch. 1 - Prob. 19CRE Ch. 1 - Prob. 20CRE Ch. 1 - Prob. 21CRE Ch. 1 - Prob. 22CRE Ch. 1 - Prob. 23CRE Ch. 1 - Prob. 24CRE Ch. 1 - Prob. 25CRE Ch. 1 - Prob. 26CRE Ch. 1 - Prob. 27CRE Ch. 1 - Prob. 28CRE Ch. 1 - Prob. 29CRE Ch. 1 - Prob. 30CRE Ch. 1 - Prob. 31CRE Ch. 1 - Prob. 32CRE Ch. 1 - Prob. 33CRE Ch. 1 - Prob. 34CRE Ch. 1 - Prob. 35CRE Ch. 1 - Prob. 36CRE Ch. 1 - Prob. 37CRE Ch. 1 - Prob. 38CRE Ch. 1 - Prob. 39CRE Ch. 1 - Prob. 40CRE Ch. 1 - Prob. 41CRE Ch. 1 - Prob. 42CRE Ch. 1 - Prob. 43CRE Ch. 1 - Prob. 44CRE Ch. 1 - Prob. 45CRE Ch. 1 - Prob. 46CRE Ch. 1 - Prob. 47CRE Ch. 1 - Prob. 48CRE Ch. 1 - Prob. 49CRE Ch. 1 - Prob. 50CRE Ch. 1 - Prob. 51CRE Ch. 1 - Prob. 52CRE Ch. 1 - Prob. 53CRE Ch. 1 - Prob. 54CRE

Knowledge Booster

$Calculus$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.

Price (thousands of $)	180	195	220	240
No. of homes sold	127	118	103	91

Whether the following market data suggests a linear relationship between the price and number of homes sold during a period of one year. Price (thousands of $) 180 195 220 240 No. of homes sold 127 118 103 91

Solution Summary: The author explains that the given market data has a linear relationship between the price and the number of homes sold during the period of one year.