This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: the size of the home d) The dependent variable is: the selling price (which is dependent on the other? Home Size (thousands of sq.ft) Selling Price($ thousands) 1.4 100 1.3 110 1.2 105 1.1 120 1.4 80 1.0 105 1.3 110 0.8 85 1.2 105 0.9 75 1.1 70 1.1 95 Use the Analysis ToolPak or Megastat to conduct a regression analysis, and paste the output below: e) Identify the coefficient of correlation 0.30722 f) Identify the coefficient of determination 0.094384 g) Can we conclude that there is a significant positive association between the size of the home and the selling price? Use the .05 significance level. Yes or No? NO Why? p-value=0.3314>alpha=0.05...
View Full Document
This note was uploaded on 11/11/2011 for the course EC 315 taught by Professor Barcus during the Spring '10 term at Park.
- Spring '10