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Mathematics, 26.03.2020 19:07 xandraeden32
When homeowners list their home for sale, they begin by listing it for a price that is greater than what they expect to receive. The longer a home is on the market, without being sold, the more the price drops. A realtor selects 50 homes that are currently listed for sale. A scatterplot reveals that the association between x = the number of days the home is on the market and y = the current asking price ($) is fairly linear and can be modeled by the equation \hat{y} = 245,000-200x
y
^
=245,000β200x. Additionally, 85.4% of the variation in the current asking price can be explained by this linear model. Which of the following is the value of the correlation (r) for the relationship between x and y?
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When homeowners list their home for sale, they begin by listing it for a price that is greater than...
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