No 2/3 of $21 is $14 so 6x14 is $84 less than $110
Answer:
-0.20
Step-by-step explanation:
Given the data:
Age at auction (x) ____price sold (y)
391
51
32
84
47
104
88
43
470
51
Y:
76.9
95.4
86.3
49.3
80
57
47.8
80
70
86.9
General formula for a simple linear regression :
y = ab + c
Where ;
y = predicted variable ; a = slope / gradient
b = predictor / independent variable ; c = intercept
From the result obtained from the calculator :
y = -0.01246X + 74.65552
Correlation Coefficient is used to measure the strength of relationship between linear variables.
The regression Coefficient obtained is - 0.20
This shows that there is a weak negative correlation between the age at auction and the price at which painting is sold. This is because the negative sign means that value of y decreases as x increases or vice versa, however, due to a correlation vale which is closer to 0 than 1 or - 1, we can conclude that the negative relationship between the variables is weak.
83 + 94 + 79 + 97 + 96 + 87 = 536.
536 ÷ 6 = 89.333333...
So, Lamonts' average is under 90.
