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A realtor wanted to determine if there was a relationship between the size (in 100 square feet) of a new custom-built home and the price (in thousands of dollars) of the home.
Size, x Price, y
26 235
27 273
41 387
29 253
33 295
34 335
36 395
45 475
22 203
a) Determine the Person Correlation Coefficient.
b) Test whether there is a relation between size and price.
c) Draw the scatter diagram
d) Determine the Least Square line.
e) If a new custom-built home is of a size 3700 square feet what would be its price.
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