Identify the variable that has a stronger relationship with the value of land and give the reason.

Question

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Answer 1

Question

Chapter 4, Problem 1SE

a.

To determine

Identify the variable that has a stronger relationship with the value of land and give the reason.

a.

Expert Solution

Answer to Problem 1SE

The number of acres of land has a stronger relationship with the value of the land.

Explanation of Solution

From the scatterplot of (A), one can see that the points are very close to each other and the points are less scattered in the vertical direction. There is a strong relationship between the number of acres and the value of land (thousands of dollars).

On the other hand, in the scatterplot of (B), the points are widely scattered in the vertical direction.

Therefore, the number of acres of land has a strong relationship with the value of land.

b.

To determine

Explain a better prediction about the value of land by knowing the acreage or the number of rooms in the house.

b.

Expert Solution

Answer to Problem 1SE

Yes, one can be able to make a better prediction about the value of land.

Explanation of Solution

From the scatterplots of (A) and (B), one can observe that the value of land is more strongly associated with acreage than with the number of rooms.
Thus, one can be able to make a better prediction about the value of land because there is less scatteredness in the vertical direction of acreage and the value of land.
Therefore, yes, one can be able to make a better prediction about the value of land.

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Answer 2

Question

Chapter 4, Problem 1SE

a.

To determine

Identify the variable that has a stronger relationship with the value of land and give the reason.

a.

Expert Solution

Answer to Problem 1SE

The number of acres of land has a stronger relationship with the value of the land.

Explanation of Solution

From the scatterplot of (A), one can see that the points are very close to each other and the points are less scattered in the vertical direction. There is a strong relationship between the number of acres and the value of land (thousands of dollars).

On the other hand, in the scatterplot of (B), the points are widely scattered in the vertical direction.

Therefore, the number of acres of land has a strong relationship with the value of land.

b.

To determine

Explain a better prediction about the value of land by knowing the acreage or the number of rooms in the house.

b.

Expert Solution

Answer to Problem 1SE

Yes, one can be able to make a better prediction about the value of land.

Explanation of Solution

From the scatterplots of (A) and (B), one can observe that the value of land is more strongly associated with acreage than with the number of rooms.
Thus, one can be able to make a better prediction about the value of land because there is less scatteredness in the vertical direction of acreage and the value of land.
Therefore, yes, one can be able to make a better prediction about the value of land.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 4, Problem 1SE

a.

To determine

Identify the variable that has a stronger relationship with the value of land and give the reason.

a.

Expert Solution

Answer to Problem 1SE

The number of acres of land has a stronger relationship with the value of the land.

Explanation of Solution

From the scatterplot of (A), one can see that the points are very close to each other and the points are less scattered in the vertical direction. There is a strong relationship between the number of acres and the value of land (thousands of dollars).

On the other hand, in the scatterplot of (B), the points are widely scattered in the vertical direction.

Therefore, the number of acres of land has a strong relationship with the value of land.

b.

To determine

Explain a better prediction about the value of land by knowing the acreage or the number of rooms in the house.

b.

Expert Solution

Answer to Problem 1SE

Yes, one can be able to make a better prediction about the value of land.

Explanation of Solution

From the scatterplots of (A) and (B), one can observe that the value of land is more strongly associated with acreage than with the number of rooms.
Thus, one can be able to make a better prediction about the value of land because there is less scatteredness in the vertical direction of acreage and the value of land.
Therefore, yes, one can be able to make a better prediction about the value of land.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 4, Problem 1SE

a.

To determine

Identify the variable that has a stronger relationship with the value of land and give the reason.

a.

Expert Solution

Answer to Problem 1SE

The number of acres of land has a stronger relationship with the value of the land.

Explanation of Solution

From the scatterplot of (A), one can see that the points are very close to each other and the points are less scattered in the vertical direction. There is a strong relationship between the number of acres and the value of land (thousands of dollars).

On the other hand, in the scatterplot of (B), the points are widely scattered in the vertical direction.

Therefore, the number of acres of land has a strong relationship with the value of land.

b.

To determine

Explain a better prediction about the value of land by knowing the acreage or the number of rooms in the house.

b.

Expert Solution

Answer to Problem 1SE

Yes, one can be able to make a better prediction about the value of land.

Explanation of Solution

From the scatterplots of (A) and (B), one can observe that the value of land is more strongly associated with acreage than with the number of rooms.
Thus, one can be able to make a better prediction about the value of land because there is less scatteredness in the vertical direction of acreage and the value of land.
Therefore, yes, one can be able to make a better prediction about the value of land.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 4, Problem 1SE

a.

To determine

Identify the variable that has a stronger relationship with the value of land and give the reason.

a.

Expert Solution

Answer to Problem 1SE

The number of acres of land has a stronger relationship with the value of the land.

Explanation of Solution

From the scatterplot of (A), one can see that the points are very close to each other and the points are less scattered in the vertical direction. There is a strong relationship between the number of acres and the value of land (thousands of dollars).

On the other hand, in the scatterplot of (B), the points are widely scattered in the vertical direction.

Therefore, the number of acres of land has a strong relationship with the value of land.

b.

To determine

Explain a better prediction about the value of land by knowing the acreage or the number of rooms in the house.

b.

Expert Solution

Answer to Problem 1SE

Yes, one can be able to make a better prediction about the value of land.

Explanation of Solution

From the scatterplots of (A) and (B), one can observe that the value of land is more strongly associated with acreage than with the number of rooms.
Thus, one can be able to make a better prediction about the value of land because there is less scatteredness in the vertical direction of acreage and the value of land.
Therefore, yes, one can be able to make a better prediction about the value of land.

Answer 6

Chapter 4, Problem 1SE

a.

To determine

Identify the variable that has a stronger relationship with the value of land and give the reason.

a.

Expert Solution

Answer to Problem 1SE

The number of acres of land has a stronger relationship with the value of the land.

Explanation of Solution

From the scatterplot of (A), one can see that the points are very close to each other and the points are less scattered in the vertical direction. There is a strong relationship between the number of acres and the value of land (thousands of dollars).

On the other hand, in the scatterplot of (B), the points are widely scattered in the vertical direction.

Therefore, the number of acres of land has a strong relationship with the value of land.

Answer 7

Chapter 4, Problem 1SE

a.

To determine

Identify the variable that has a stronger relationship with the value of land and give the reason.

Answer 8

a.

Expert Solution

Answer to Problem 1SE

The number of acres of land has a stronger relationship with the value of the land.

Answer 9

a.

Expert Solution

Answer 10

a.

Expert Solution

Answer 11

Expert Solution

Answer 12

Explanation of Solution

From the scatterplot of (A), one can see that the points are very close to each other and the points are less scattered in the vertical direction. There is a strong relationship between the number of acres and the value of land (thousands of dollars).

On the other hand, in the scatterplot of (B), the points are widely scattered in the vertical direction.

Therefore, the number of acres of land has a strong relationship with the value of land.

Answer 13

b.

To determine

Explain a better prediction about the value of land by knowing the acreage or the number of rooms in the house.

b.

Expert Solution

Answer to Problem 1SE

Yes, one can be able to make a better prediction about the value of land.

Explanation of Solution

From the scatterplots of (A) and (B), one can observe that the value of land is more strongly associated with acreage than with the number of rooms.
Thus, one can be able to make a better prediction about the value of land because there is less scatteredness in the vertical direction of acreage and the value of land.
Therefore, yes, one can be able to make a better prediction about the value of land.

Answer 14

b.

To determine

Explain a better prediction about the value of land by knowing the acreage or the number of rooms in the house.

Answer 15

b.

Expert Solution

Answer to Problem 1SE

Yes, one can be able to make a better prediction about the value of land.

Answer 16

b.

Expert Solution

Answer 17

b.

Expert Solution

Answer 18

Expert Solution

Answer 19

Explanation of Solution

From the scatterplots of (A) and (B), one can observe that the value of land is more strongly associated with acreage than with the number of rooms.
Thus, one can be able to make a better prediction about the value of land because there is less scatteredness in the vertical direction of acreage and the value of land.
Therefore, yes, one can be able to make a better prediction about the value of land.