Answered
The relationship between the price of yachts (y) and their length (x) is analyzed.The mean length was 41 metres with a standard deviation of 11.The mean price was $84,000 with a standard deviation of 14,000.The correlation between the price and the length was 0.41.
A) price ^\hat{\text { price } } price ^ = 31,800 + 1270 length
B) price ^\hat{\text { price } } price ^ = 70,800 + 0.000322 length
C) price ^\hat{\text { price } } price ^ = -962,000 + 547 length
D) price ^\hat{\text { price } } price ^ = -4,040,000 + 622 length
E) price ^\hat{\text { price } } price ^ = 62,605+ 522 length
On Aug 03, 2024