Question

In: Statistics and Probability

A realtor studies the relationship between the size of a house (in square feet) and the...

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.

2. Repeat the same process for the plotter tools (Square Feet 2...,Square Feet 6).

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.
  • The scatterplot indicates that there is a positive relationship between size of house and property taxes.

  • The scatterplot indicates that there is a negative relationship between size of house and property taxes.

  • The scatterplot indicates that there is no relationship between size of house and property taxes.

b-1.

Calculate sxy and rxy. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

  sxy      
  rxy      

Solutions

Expert Solution

a 1)

a 2)

The scatterplot indicates that there is a positive relationship between size of house and property taxes.

b 1)


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