posted by .

1.For 10 pairs of data, the correlation coefficient is computed to be r = -1. Wht do you know about the scatter diagram?

2.You are considering the most expensive purchase that you are likely to make: the purchase of a home. Identify at least five different variables that are likely to affect the actual value of a home. Among the variables that you have identified, which single variable is likely to have the greatest influence on the value of the home? Identify a variable that is likely to have little or no effect on the value of a home.

  • statistics -

    1. r = -1 indicates perfect predictability, where one variable increases while the other decreases.

    2. What variables do you want to consider that would effect your purchase? Location and number of square feet might be a start. What others would you consider?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. statistics

    Please Help! My book and instructor are no help. Please help me understand why I need to make a scatter diagram, when dealing with bivariate data, and how to find SS(x), SS(y), SS(xy), and r. I have all the formulas, but don't understand. …
  2. statistics

    3. The following data shows expenditures (in millions of dollars) and case (sales in millions) for seven major soft drink brands. Show a scatter diagram of the data and describe in words what it tells you. Calculate the correlation …
  3. Statistics

    Make a scatter diagram with 10 dots showing a perfect positive linear correlation
  4. statistics

    Given the following scatter diagram , the sample correlation coefficient r: Has a positive linear correlation Has a negative linear correlation. Has little or no correlation. Looks close to + 1.00
  5. statistics in psychology

    11. Make up a scatter diagram with 10 dots for each of the following situations: (a) perfect positive linear correlation, (b) large but not perfect positive linear correlation, (c) small positive linear correlation, (d) large but not …
  6. Math

    Jade counted the number of the students on each sports time at her school and the number of wins the team had last season. If she displays her data on a scatter plot, what type of relationship will she most likely see between the number …
  7. statistics

    These data were generated using the equation y = 2x + 1. A scatter diagram of the data results in five points that fall perfectly on a straight line. x 0 1 2 3 4 y 1 3 5 7 9 (a) Find the correlation coefficient.
  8. statistics

    There is a table of AVERAGE monthly temperatures of two different areas of the same city. A scatterplot of the data is made to show that the relationship is linear between the two. If raw data was used instead of the averages to make …
  9. Statistics

    Using a scatter diagram with x(age in weeks) of calves and y (weight in kg) and the info is as follows Week 1 /42kgs Week 3 /50 kgs Week 10/75 kgs Week 16/100kgs Week 26/150kgs week 36/200kgs would you estimate the linear correlation …
  10. Statistics

    The correlation coefficient between X and Y is the same as the correlation coefficient between Y and X. True - If you were to find the correlation coefficient with a given data set for x and y, it would have the same correlation coefficient …

More Similar Questions