Answer Happy

A realtor studies the relationship between the size of a house (in square feet) and the property taxes (in $) owed by the owner. The table below shows a portion of the data for 20 homes in a suburb 60 miles outside of New York City [You may find it useful to reference the table.) Property Taxes 21,892 17,421 29,215 Size 2,498 2,419 2,871 Click here for the Excel Data File 0-1. Calculate the sample correlation coefficient rxy (Round intermediate calculations to at least 4 decimal places and final answers to 4 decimal places.) Sample correlation coefficient

0-2 Interpretixy The correlation coefficient indicates a positive linear relationship, The correlation coefficient indicates a negative linear relationship O The correlation coefficient indicates no linear relationship. b. Specify the competing liypotheses in order to determine whether the population correlation coefficient between the size of a house and property taxes differs from zero Оно! Рxy = 0; Нд: Ру 40 20; MA Pxy Mo! Pay 303 Wa Day Она вку c-1. Calculate the value of the test statistic (Round intermediate calculations to at least 4 decimal places and final answer to 3 decimal places.) Test statistic

c-2. Find the p-value Op value <0.01 O p-value Picture 0.10 O 0.05 Picture p value < 0.10 0002 DPicture p value <0.05 0 0.01 PPicture p value < 0.02 d. At the 5% significance level, what is the conclusion to the test? O Reject He, we can state size and property taxes are correlated O Reject Hos we cannot state size and property taxes are correlated O Do not reject No, we can state size and property taxes are correlated O Do not reject Mowe cannot state size and property taxes are correlated

А B С 1 Size Property Taxes 21892 2. 2 2498 3 17421 2419 4 18170 1877 5 15679 1011 6 43962 33657 7 5607 2575 8 15300 2248 9 1984 10 2021 16789 18108 16794 15113 11 1311 12 1327 13 3033 14 15 16 36069 31058 42126 14392 38911 25323 22972 17 2871 3346 1533 4032 4041 2446 3596 1 18 19 20 2 16160 29215 21 2871 22 23 2