Discuss how you determine the direction of the association between the two variables.

By
Responsive Centered Red Button

Need Help with this Question or something similar to this? We got you! Just fill out the order form (follow the link below), and your paper will be assigned to an expert to help you ASAP.

Order Form

Learning Goal: I’m working on a applied mathematics project and need an explanation and answer to help me learn.OverviewRecall that samples are used to generate a statistic, which
businesses use to estimate the population parameter. You have learned
how to take samples from populations and use them to produce statistics.
For two quantitative variables, businesses can use scatterplots and the
correlation coefficient to explore a potential linear relationship.
Furthermore, they can quantify the relationship in a regression
equation.PromptThis assignment picks up where the Module Two assignment left off and will use components of that assignment as a foundation.You have submitted your initial analysis to the sales team at D.M.
Pan Real Estate Company. You will continue your analysis of the provided
Real Estate Data
spreadsheet using your selected region to complete your analysis. You
may refer back to the initial report you developed in the Module Two
Assignment Template to continue the work. This document and the National Summary Statistics and Graphs Real Estate Data spreadsheet will support your work on the assignment.Note: In the report you prepare for the sales team,
the dependent, or response, variable (y) should be the listing price and
the independent, or predictor, variable (x) should be the square feet.Using the Module Three Assignment Template, specifically address the following:Regression Equation: Provide the regression equation for the line of best fit using the scatterplot from the Module Two assignment.
Determine r: Determine r and what it means. (What is the relationship between the variables?)
Determine the strength of the correlation (weak, moderate, or strong).
Discuss how you determine the direction of the association between the two variables.
Is there a positive or negative association?
What do you see as the direction of the correlation?
Examine the Slope and Intercepts: Examine the slopeb1
and intercept b0.
Draw conclusions from the slope and intercept in the context of this problem.
Does the intercept make sense based on your observation of the line of best fit?
Determine the value of the land only.Note: You can assume, when the square footage of the house is zero, that the price is the value of just the land. This happens when x=0, which is the y-intercept. Does this value make sense in context?
Determine the R-squared Coefficient: Determine the R-squared value.
Discuss what R-squared means in the context of this analysis.
Conclusions: Reflect on the Relationship: Reflect
on the relationship between square feet and sales price by answering the
following questions:
Is the square footage for homes in your selected region different than for homes overall in the United States?
For every 100 square feet, how much does the price go up (i.e., can you use slope to help identify price changes)?
What square footage range would the graph be best used for?
You can use the following tutorial that is specifically about this assignment:MAT-240 Module 3 Assignment
Requirements: satisfactory to rubrics   |   .doc file

How to create Testimonial Carousel using Bootstrap5

Clients' Reviews about Our Services