In: Statistics and Probability
One of the biggest factors in determining the value of a home is the square footage. The accompanying data represent the square footage and selling price (in thousands of dollars) for a random sample of homes for sale in a certain region. Complete parts (a) through (h) below.
Square Footage, x Selling Price ($000s), y
2247 386.5
3291 391.6
1163 195.4
2015 344.3
3053 611.7
2857 384.5
4001 610.3
2175 371.5
2497 407.5
1707 297.9
1846 280.2
3910 705.5
(c) Determine the linear correlation coefficient between square footage and asking price.
r=