In: Statistics and Probability
A realtor studies the relationship between the size of a house (in square feet) and the property taxes owed by the owner. He collects the following data on six homes in an affluent suburb 30 miles outside of Chicago. Use Table 2. |
Square Feet | Property Taxes ($) | |
Home 1 | 4,150 | 12,527 |
Home 2 | 2,780 | 9,263 |
Home 3 | 5,289 | 22,703 |
Home 4 | 2,123 | 6,450 |
Home 5 | 1,581 | 5,231 |
Home 6 | 3,023 | 7,850 |
a-1. | Construct a scatterplot. |
1. On the graph below, use the point tool (Square Feet 1) to plot the point to show Square Feet and Property Taxes. |
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2. Repeat the same process for the plotter tools (Square Feet 2...,Square Feet 6). |
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3. To enter exact coordinates, double click on the point and enter the exact co-ordinates of x and y. | |
a-2. | Interpret a scatterplot. |
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b-1. |
Calculate sxy and rxy. (Do not round intermediate calculations. Round your answers to 2 decimal places.) |
sxy | |
rxy | |
a 1)
a 2)
The scatterplot indicates that there is a positive relationship between size of house and property taxes.
b 1)