The following table lists the monthly incomes (in hundreds of dollars) and the monthly rents paid (in hundreds of dollar
Posted: Tue Jul 05, 2022 9:21 am
The following table lists the monthly incomes (in hundreds of dollars) and the monthly rents paid (in hundreds of dollars) by a sample of six families. Monthly Income 24 16 19 31 10 27 (a) Draw a scatter diagram for the data. Monthly Rent 7.0 4.5 6.5 11.6 4.5 8.5 (b) What is the equation of the estimated regression line? (c) What is the value of the correlation coefficient?