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The Relationship Between the Price of Yachts (Y)and Their Length  price ^\hat{\text { price } }

Question 46

Multiple Choice

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 } } = 31,800 + 1270 length
B)  price ^\hat{\text { price } } = 70,800 + 0.000322 length
C)  price ^\hat{\text { price } } = -962,000 + 547 length
D)  price ^\hat{\text { price } } = -4,040,000 + 622 length
E)  price ^\hat{\text { price } } = 62,605+ 522 length

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