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Researcher collected information.about income and housing cost from 66 individuals. What is the correlation coefficient? What is the slope of the regression line? What is the intercept of the regression line? 6.500000

Researcher collected information.about income and housing cost from 66 individuals. What is the correlation coefficient? What is the slope of the regression line? What is the intercept of the regression line? 6.500000

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 33PPS
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Researcher collected information.about income and housing cost from 66 individuals. What is the correlation coefficient? What is the slope of the regression line? What is the intercept of the regression line? What is the predicted housing cost for an income of 52300? What is R³? What does it tell us? Plot the data and the regression line Provide the QQ Plot of the residuals? What can you say?
Transcribed Image Text:Researcher collected information.about income and housing cost from 66 individuals. What is the correlation coefficient? What is the slope of the regression line? What is the intercept of the regression line? What is the predicted housing cost for an income of 52300? What is R³? What does it tell us? Plot the data and the regression line Provide the QQ Plot of the residuals? What can you say?
Median.income Housing.Cost 37150 55891 45245 36658 51755 50449 56835 44993 51235 42990 45926 59586 44176 48398 42437 46500 42027 36699 37236 43923 60512 56017 45933 54215 32875 42986 37313 47923 48209 56984 63368 38947 47176 42056 42192 44203 37645 44159 46300 251.88 238.56 341.23 234.85 562.56 348.48 439.77 548.02 440.17 393.72 311.35 446.81 274.06 343.68 247.81 236.61 229.41 269.32 208.12 476.08 449.25 707.6 318.91 353.91 217.69 280.2 314.47 246.32 369.73 475.79 511.64 272.97 595.75 294.06 221.34 266.63 185.72 363 360.62 49484 40230 43151 39406 41422 54813 50704 51914 50646 36445 44650 44718 52814 30736 51557 42612 48992 39592 33338 29209 40306 47369 36021 37454 37771 51780 49745 571.43 280 260.46 269.27 199.03 285.94 405.25 402.93 394.93 211.4 309.32 219 442.25 275.28 188.4 331.76 444.2 274.42 162.4 384.06 148.24 169.75 410.1 250.87 363.18 155.52 474.54 PIC COLLAGE
Transcribed Image Text:Median.income Housing.Cost 37150 55891 45245 36658 51755 50449 56835 44993 51235 42990 45926 59586 44176 48398 42437 46500 42027 36699 37236 43923 60512 56017 45933 54215 32875 42986 37313 47923 48209 56984 63368 38947 47176 42056 42192 44203 37645 44159 46300 251.88 238.56 341.23 234.85 562.56 348.48 439.77 548.02 440.17 393.72 311.35 446.81 274.06 343.68 247.81 236.61 229.41 269.32 208.12 476.08 449.25 707.6 318.91 353.91 217.69 280.2 314.47 246.32 369.73 475.79 511.64 272.97 595.75 294.06 221.34 266.63 185.72 363 360.62 49484 40230 43151 39406 41422 54813 50704 51914 50646 36445 44650 44718 52814 30736 51557 42612 48992 39592 33338 29209 40306 47369 36021 37454 37771 51780 49745 571.43 280 260.46 269.27 199.03 285.94 405.25 402.93 394.93 211.4 309.32 219 442.25 275.28 188.4 331.76 444.2 274.42 162.4 384.06 148.24 169.75 410.1 250.87 363.18 155.52 474.54 PIC COLLAGE
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