Question

3. A realtor studies the relationship between the size of a house (in square feet) and...

3. A realtor studies the relationship between the size of a house (in square feet) and the property taxes (in $) owed by the owner. The table below shows a portion of the data for 20 homes in a suburb 60 miles outside of New York City.

Property Taxes Size
21,872 2,464
17,498 2,451
29,294 2,895

a-1. Calculate the sample correlation coefficient rxy. (Round intermediate calculations to at least 4 decimal places and final answers to 4 decimal places.)

c-1. Calculate the value of the test statistic. (Round intermediate calculations to at least 4 decimal places and final answer to 3 decimal places.)

Property Taxes Size
21872 2464
17498 2451
18187 1845
15663 1070
43971 5651
33633 2555
15246 2265
16742 1937
18155 2039
16769 1307
15132 1325
36007 3093
31033 2883
42179 3324
14386 1594
38935 4031
25328 4036
22928 2485
16114 3503
29294 2895

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