A Realtor Wanted to Determine If There Was a Relationship

question 46

Essay

A realtor wanted to determine if there was a relationship between the size (in 100 square feet) of a new custom-built home and the price (in thousands of dollars) of home.
a. Draw a scatter plot.
b. Determine the regression line equation and plot the regression line on the scatter plot.
$\begin{array} { c c } \text { Size, } \boldsymbol { x } & \text { Price, } \boldsymbol { y } \\ 26 & 235 \\ 27 & 273 \\ 41 & 387 \\ 29 & 253 \\ 33 & 295 \\ 34 & 335 \\ 36 & 395 \\ 45 & 475 \\ 22 & 203 \end{array}$

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Definitions:

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment, introduced by B.F. Skinner.

Observational Learning

The process of learning behaviors by watching the actions of others, and the outcomes of those actions.

Instrumental Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment, also known as operant conditioning.

Acquisition

The process of learning or developing a new skill, behavior, or ability.