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University of Maryland Correlation Coefficient Statistics Scatterplot

University of Maryland Correlation Coefficient Statistics Scatterplot

Question Description

Please provide answers in the answer format in attached word doc.

7) Is square footage of a house a good predictor of its selling price? You have been asked by to conduct a simple regression analysis to answer this question. The data is housed in the Excel document titled “Zillow”.

a. Define the two variables being sure to include the units of measure and which variable is the explanatory and which is the response.

b. Produce a scatterplot (in Excel).

c. Report the correlation coefficient (r) rounded to the hundredths place.

d. Regression equation (include snip from JMP).

e. Descriptive statistics for the explanatory variable (include snip from JMP).

f. Discuss the scatterplot and what it shows in terms of the relationship between the two variables.

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