The Data Below Shows The Selling Price In Hundred Thousands And The List Price In Hundred Thousands Of Homes Sold C 1 (34.28 KiB) Viewed 26 times
The data below shows the selling price (in hundred thousands) and the list price (in hundred thousands) of homes sold. Construct a scatterplot, find the value of the linear correlation coefficient r, and find the P-value using α = 0.05. Is there sufficient evidence to conclude that there is a linear correlation between the two variables? 301 375 Selling Price (x) 433 459 480 315 351 416 331 405 414 List Price (y) 320 386 435 490 480 321 368 433 340 What are the null and alternative hypotheses? O A. Ho: p=0 OB. Ho: p=0 H₁: p<0 H₁: p#0 ỌC. Hop#0 H₁: p=0 OD. Ho: p=0 H₁: p>0 correct graph bolow C O
500- 400- 300- Q o b L o 10 6 la b -d b 300 400 500 The linear correlation coefficient r is (Round to three decimal places as needed.) The test statistic t is (Round to three decimal places as needed.) The P-value is Q Ay 500- 400- 300+ to to 300 6 P Id O Tal tot -0 To O 400 x 500 Q G A3 500- 400- 300+ 300 -o O 69 101 to 400 500 Q 500- 400- 300+ 300 tot 69 d qo 400 0 → 500 G
than the significance level 0.05, there of homes sold for a significance level of α = 0.05. Because the P-value is thousands) sufficient evidence to support the claim that there is a linear correlation between selling price (in hundred thousands) and the list price (in hundred
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