Home
Homework Answers
Statistics
Table #A contains the value of the house and the amount of rental income in a year that the house brings in

Table #A contains the value of the house and the amount of rental income in a year that the house brings in: Expert Solutions for Success

Table #A contains the value of the house and the amount of rental income in a year that the house brings in. Test at the 5% level for a positive correlation between house value and rental amount. a

Table #A: Data of House Value versus Rental

Value	Rental	Value	Rental	Value	Rental
81000	6656	77000	4576	75000	7280
95000	7904	94000	8736	90000	6240
121000	12064	115000	7904	110000	7072
135000	8320	130000	9776	126000	6240
145000	8320	140000	9568	140000	9152
165000	13312	165000	8528	155000	7488
178000	11856	174000	10400	170000	9568
200000	12272	200000	10608	194000	11232
214000	8528	208000	10400	200000	10400
240000	10192	240000	12064	240000	11648
289000	11648	270000	12896	262000	10192
325000	12480	310000	12480	303000	12272

Answer

The Correlation coefficient calculated as
Let X to be the House value and Y to be the rental income

For N= 72, and dof = 72 - 2 + 70 at α = 0.05the critical value of the correlation coefficient is 0.232.

Since r; 0.7548 > 0.232, r is significant and the line may be used for prediction and there is a positive correlation between house value and rental amount.

statistics Stat-200 Correlation coefficient Critical value

Share the answer

Table #A contains the value of the house and the amount of rental income in a year that the house brings in: Expert Solutions for Success

Answer

Related Questions

Table A contains the value of the house and the amount of rental income in a year that the house brings in

STAT 200:The British Department of Transportation studied to see if people avoid driving on Friday the 13th.

A project conducted by the Australian Federal Office of Road Safety asked people many questions about their cars.

STAT200: In the first assignment (Assignment #1: Descriptive Statistics Analysis Data Plan), you developed a scenario about annual household expenditures and a plan for analyzing the data using descriptive statistic methods.

The World Bank collected data on the percentage of GDP that a country spends on health expenditures and also the percentage of women receiving prenatal care

A study was undertaken to see how accurate food labeling for calories on food that is considered reduced calorie.

STAT 200: Are there more children diagnosed with Autism Spectrum Disorder (ASD) in states that have larger urban areas over states that are mostly rural?

In Africa in 2011, the number of deaths of a female from cardiovascular disease for different age groups are in table E ("Global health observatory," 2013)

STAT 200 : All Fresh Seafood is a wholesale fish company based on the east coast of the U.S. Catalina Offshore Products is a wholesale fish company based on the west coast of the U.S.

Do you have a lengthy or urgent essay to write?