Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. square footage (thousands) price of house thousan

Square footage (thousands) Price of house thousands 2.7 478 2.3 328 2.3 309 1.8 298 1.9 303 2.1 466 1.4 328 1.6 385 2.1 360 2.9 374 2.2 387 2.6 452 2.1 462 1.8 436 1.9 424 0.95 308 1.3 430 1.9 449 2.2 325 1.2 358 1.4 467 1.8 489 1.2 485 1.1 450 1.4 353 1.8 358 2.3 443 1.7 422 1.3 368 1.5 416 data for the selling prices of homes in a ZIP...

Free

90.2K

Verified Solution

Question

Statistics

Square footage (thousands)Price of house thousands
2.7478
2.3328
2.3309
1.8298
1.9303
2.1466
1.4328
1.6385
2.1360
2.9374
2.2387
2.6452
2.1462
1.8436
1.9424
0.95308
1.3430
1.9449
2.2325
1.2358
1.4467
1.8489
1.2485
1.1450
1.4353
1.8358
2.3443
1.7422
1.3368
1.5416

data for the selling prices of homes in a ZIP code and thesquare footage of those homes. Use the Spearman rank correlation todetermine if there is a significant correlation between the homeprice and the square footage.

Answer & Explanation Solved by verified expert
3.9 Ratings (379 Votes)

Square footage (thousands) Price of house thousands Rank(X) Rank(Y) Difference, d d²
2.7 478 2 3 -1 1
2.3 328 5 24.5 -19.5 380.25
2.3 309 5 27 -22 484
1.8 298 16.5 30 -13.5 182.25
1.9 303 13 29 -16 256
2.1 466 10 5 5 25
1.4 328 23 24.5 -1.5 2.25
1.6 385 20 17 3 9
2.1 360 10 20 -10 100
2.9 374 1 18 -17 289
2.2 387 7.5 16 -8.5 72.25
2.6 452 3 7 -4 16
2.1 462 10 6 4 16
1.8 436 16.5 11 5.5 30.25
1.9 424 13 13 0 0
0.95 308 30 28 2 4
1.3 430 25.5 12 13.5 182.25
1.9 449 13 9 4 16
2.2 325 7.5 26 -18.5 342.25
1.2 358 27.5 21.5 6 36
1.4 467 23 4 19 361
1.8 489 16.5 1 15.5 240.25
1.2 485 27.5 2 25.5 650.25
1.1 450 29 8 21 441
1.4 353 23 23 0 0
1.8 358 16.5 21.5 -5 25
2.3 443 5 10 -5 25
1.7 422 19 14 5 25
1.3 368 25.5 19 6.5 42.25
1.5 416 21 15 6 36

Σd² = 4289.5

n = 30

rs = 1 - 6Σd²/(n*(n²-1)) = 1 - 6*4289.5/(30*(30² -1)) = 0.0457

df = n-2 = 28

p-value = 0.8105

As p-value > 0.05, we can conclude that there is no significant correlation between the home price and the square footage.
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

We are evaluating a project that costs $1,950,000, has a six-year life and has no salvage...

Medical Sciences
1.2K views

18). Explain the events that occur in sequence from when an efferent (motor) neuron releases ACh...

Biology
1.2K views

Explain why eyes are the preferred portal of entry for most microbes.

Geometry
1.2K views

below Show all steps for full credit no exceptions a 13 12 37

Geometry
1.2K views

You started this year with $384 saved and you continue to save an additional $22...

Basic Math
1.2K views

write down the main four formulas we ll be using on the test Explicit Formula...

Statistics
1.2K views

How many 6 letter passords can be made using the letters A thought Z if...

Accounting
1.2K views

11. (4 points) Suppose researchers found that your university education was purely productivity gains. How...

Accounting
1.2K views

inspection point is at the end of the process and spoilage (or lost units) up...

Accounting
1.2K views

Print References 2-a. Assume that company A works on three jobs during the upcoming year....

Accounting
1.2K views

Part Four Instructions In this part of the practice set, the student will prepare a...

Accounting
1.2K views

Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. ...