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Data for a sample of 30 apartments in a particular neighborhood are provided in the worksheet....

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Question

Statistics

Data for a sample of 30 apartments in a particular neighborhoodare provided in the worksheet. You want to see if there is a directrelationship between Size of the Apartment and Rent.

RentSize
950850
15001450
11501085
14001232
950718
17001485
15501136
935726
875700
1050956
14001100
16501500
18751985
18001674
13951223
13751225
11001300
15001345
12001150
1150896
11001361
11501040
1200755
8001000
8501200
500650
9001100
1000900
10251000
900953

Approximately what percentage of the variation in Rent isexplained by the regression model you derived?

Place your answer, rounded to 1 decimal place.

Answer & Explanation Solved by verified expert
3.9 Ratings (484 Votes)
We need to find the coefficient of determination r2which is the square of the correlation coefficient rTo calculate pearsons co efficient rFrom the Given data the following is calculated Tables givenat the endSUM x 35930 SUM y 33695 SUM xy 42732795SUM x2 46125250 SUM x2 359302 1290964900SUM y2    See Answer
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