Relationship between mortgage rates and housing starts

Assignment Help Basic Statistics
Reference no: EM1398892

To determine how the number of housing starts is affected by mortgage rates, an economist recorded the average mortgage rate and the number of housing starts in a large country for the past 10 years. These data are listed here. Data file Xr16-03.

Rate 8.5 7.8 7.6 7.5 8.0 8.4 8.8 8.9 8.5 9.0

Starts 115 111 185 201 206 167 155 117 133 150

(a) Determine the regression line.

(b) What do the coefficients of the regression line tell you about the relationship between mortgage rates and housing starts?

Reference no: EM1398892

Questions Cloud

Which one is the most likely outcome of this situation : Which one is the most likely outcome of this situation given that some shareholders are happy with the existing management?
Discuss industry concentration-demand and market conditions : Discuss industry concentration, demand and market conditions, and the pricing behavior of Kodak in the 1990s. Do you think the industry environment is significantly different today? Explain.
How to easily escalate to groupthink : What would you do? How could this example easily escalate to groupthink? How prevalent do you believe this is in most teams?
Explain why the next step in learning of an inversion : Do you think that a prenatal test is worthwhile if it detects a genotype, but cannot predict the phenotype? Discuss the risk/benefit issues of this situation.
Relationship between mortgage rates and housing starts : What do the coefficients of the regression line tell you about the relationship between mortgage rates and housing starts?
Define pros and cons of using genetically engineered : in your own words, summarize the pros and cons of using genetically engineered insects to control pests. Determine if you would be for or against the use of genetically engineered insects in your neighborhood, and explain why.
Explain positive and negative symptoms of schizophrenia : Describe the different theories that are thought to explain the biological basis of both the positive and negative symptoms of schizophrenia.
Illustrate what are your thoughts about these two methods : He wants to tax all earned income at a mere 20% rate and not tax capital gains, dividends or estates. Illustrate what are your thoughts about these two methods?
Confidence the test score at a school : Predict with 95% confidence the test score at a school where 50% of the mathematics teachers have mathematics degrees, the mean age is 43, and the mean annual income is $48,30.

Reviews

Write a Review

Basic Statistics Questions & Answers

  P-value and mean fare to fly

For a recent year, the mean fare to fly from Charlotte, North Carolina, to Seattle, Washington, on a discount ticket was $267. A random sample of round-trip discount fares on this route last month gives:

  Detrermining standard error of the mean

Assume a population standard deviation of 450-kilowatt hours. Determine the standard error of the mean.

  Objective function to minimize the total cost

a. Define variables that would tell how many units to purchase from each source. b. Develop an objective function that would minimize the total cost.

  A common dice game problem-probability

Play 100 games of scraps and empirically determine an estimate for the probability of winning.

  Mini meta analysis

Conduct a mini-meta-analysis. There is really no such thing as a mini-meta-analysis, but you don't have time to conduct a full meta-analysis.

  Performing a two sample t-test

After performing a two sample t-test, you see a p-value of 0.0355. Of the following, which is the appropriate conclusion?

  Normal distribution and significance levels

A retailer wants to estimate with 99% confidence the number of people who buy at his store. A previous study showed that 15% of those interviewed had shopped at his store.

  Linear programming-valley fruit products company

Valley Fruit Products Company has contracted with apple growers in Ohio, Pennsylvania, and New York to purchase apples that the company then ships to its plants in Indiana and Georgia

  Areas of the associated venn diagram

A and B are two intersecting sets, and a, b, ab, and x represent the usual symbols for the number of elements contained in the four defined areas of the associated Venn Diagram. Find the values of ab and a if:

  Describing results and implications in hypotheses test

Set up hypotheses and carry out all relevant tests. Describe all results and implications which you have discovered.

  Suggesting difference in the mean waiting times

Is there evidence to suggest a difference in the mean waiting times at the four body shops?

  Conditional probability formula and contingency tables

In large accounting firm, the proportion of accountants with MBA degrees and at least five years of professional experience is 0.75 times the proportion of accountants with no MBA degree and less than 5 years of professional experience.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd