Describe the association of the variables namely Housing cost index and Median family income by state.

Question

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Answer 1

Question

Chapter 6, Problem 39E

a.

To determine

Describe the association of the variables namely Housing cost index and Median family income by state.

b.

To determine

Find the correlation coefficient between the standardized variables Housing cost index and Median family income.

c.

To determine

Explain the change in the correlation coefficient between housing cost index and median family income without the unit of dollar for the variable median family income.

d.

To determine

Find the effect of including the value of Country WDC in the dataset on the correlation coefficient between the variables Housing cost index and Median family income.

e.

To determine

Explain whether the data interpret that “By raising the median family income in a state the housing cost index will raise as a result”.

f.

To determine

Explain whether the Kendall’s tau value provide proof that by raising the median income in a state the Housing Cost Index will rise as a result.

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Answer 2

Question

Chapter 6, Problem 39E

a.

To determine

Describe the association of the variables namely Housing cost index and Median family income by state.

b.

To determine

Find the correlation coefficient between the standardized variables Housing cost index and Median family income.

c.

To determine

Explain the change in the correlation coefficient between housing cost index and median family income without the unit of dollar for the variable median family income.

d.

To determine

Find the effect of including the value of Country WDC in the dataset on the correlation coefficient between the variables Housing cost index and Median family income.

e.

To determine

Explain whether the data interpret that “By raising the median family income in a state the housing cost index will raise as a result”.

f.

To determine

Explain whether the Kendall’s tau value provide proof that by raising the median income in a state the Housing Cost Index will rise as a result.

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Answer 3

Question

Chapter 6, Problem 39E

a.

To determine

Describe the association of the variables namely Housing cost index and Median family income by state.

b.

To determine

Find the correlation coefficient between the standardized variables Housing cost index and Median family income.

c.

To determine

Explain the change in the correlation coefficient between housing cost index and median family income without the unit of dollar for the variable median family income.

d.

To determine

Find the effect of including the value of Country WDC in the dataset on the correlation coefficient between the variables Housing cost index and Median family income.

e.

To determine

Explain whether the data interpret that “By raising the median family income in a state the housing cost index will raise as a result”.

f.

To determine

Explain whether the Kendall’s tau value provide proof that by raising the median income in a state the Housing Cost Index will rise as a result.

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Answer 4

Question

Chapter 6, Problem 39E

a.

To determine

Describe the association of the variables namely Housing cost index and Median family income by state.

b.

To determine

Find the correlation coefficient between the standardized variables Housing cost index and Median family income.

c.

To determine

Explain the change in the correlation coefficient between housing cost index and median family income without the unit of dollar for the variable median family income.

d.

To determine

Find the effect of including the value of Country WDC in the dataset on the correlation coefficient between the variables Housing cost index and Median family income.

e.

To determine

Explain whether the data interpret that “By raising the median family income in a state the housing cost index will raise as a result”.

f.

To determine

Explain whether the Kendall’s tau value provide proof that by raising the median income in a state the Housing Cost Index will rise as a result.

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Answer 5

Chapter 6, Problem 39E

a.

To determine

Describe the association of the variables namely Housing cost index and Median family income by state.

b.

To determine

Find the correlation coefficient between the standardized variables Housing cost index and Median family income.

c.

To determine

Explain the change in the correlation coefficient between housing cost index and median family income without the unit of dollar for the variable median family income.

d.

To determine

Find the effect of including the value of Country WDC in the dataset on the correlation coefficient between the variables Housing cost index and Median family income.

e.

To determine

Explain whether the data interpret that “By raising the median family income in a state the housing cost index will raise as a result”.

f.

To determine

Explain whether the Kendall’s tau value provide proof that by raising the median income in a state the Housing Cost Index will rise as a result.

Answer 6

Chapter 6, Problem 39E

a.

To determine

Describe the association of the variables namely Housing cost index and Median family income by state.

Answer 7

Chapter 6, Problem 39E

a.

To determine

Describe the association of the variables namely Housing cost index and Median family income by state.

Answer 8

b.

To determine

Find the correlation coefficient between the standardized variables Housing cost index and Median family income.

Answer 9

b.

To determine

Find the correlation coefficient between the standardized variables Housing cost index and Median family income.

Answer 10

c.

To determine

Explain the change in the correlation coefficient between housing cost index and median family income without the unit of dollar for the variable median family income.

Answer 11

c.

To determine

Explain the change in the correlation coefficient between housing cost index and median family income without the unit of dollar for the variable median family income.

Answer 12

d.

To determine

Find the effect of including the value of Country WDC in the dataset on the correlation coefficient between the variables Housing cost index and Median family income.

Answer 13

d.

To determine

Find the effect of including the value of Country WDC in the dataset on the correlation coefficient between the variables Housing cost index and Median family income.

Answer 14

e.

To determine

Explain whether the data interpret that “By raising the median family income in a state the housing cost index will raise as a result”.

Answer 15

e.

To determine

Explain whether the data interpret that “By raising the median family income in a state the housing cost index will raise as a result”.

Answer 16

f.

To determine

Explain whether the Kendall’s tau value provide proof that by raising the median income in a state the Housing Cost Index will rise as a result.

Answer 17

f.

To determine

Explain whether the Kendall’s tau value provide proof that by raising the median income in a state the Housing Cost Index will rise as a result.

Answer 18

Expert Solution & Answer

Answer 19

Expert Solution & Answer

Answer 20

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Answer 21

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Describe the association of the variables namely Housing cost index and Median family income by state.

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Describe the association of the variables namely Housing cost index and Median family income by state.

Find the correlation coefficient between the standardized variables Housing cost index and Median family income.

Explain the change in the correlation coefficient between housing cost index and median family income without the unit of dollar for the variable median family income.

Find the effect of including the value of Country WDC in the dataset on the correlation coefficient between the variables Housing cost index and Median family income.

Explain whether the data interpret that “By raising the median family income in a state the housing cost index will raise as a result”.

Explain whether the Kendall’s tau value provide proof that by raising the median income in a state the Housing Cost Index will rise as a result.

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