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SOLVED:Income and housing revisited In Chapter 6, Exercise 32, we learned that the Office of Federal Housing Enterprise Oversight (OFHEO) collects data on various aspects of housing costs around the United States. Here’s a scatterplot (by state) of the Housing Cost Index (HCI) versus the Median Family Income (MFI) for the 50 states. The correlation is r = 0.65. The mean HCI is 338.2, with a standard deviation of 116.55. The mean MFI is 46,234, with a standard deviation of 7072.47. Graph cannot c
SOLVED:Income and housing revisited In Chapter 6, Exercise 32…
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