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(Steps Shown) Presuming that the assumptions for regression inferences are met, perform the required correlation t-tests, using either the critical-value

Question: Presuming that the assumptions for regression inferences are met, perform the required correlation t-tests, using either the critical-value approach or the P-value approach.

Following are the size and price data for custom homes from Exercise 15.18.

X 26 27 33 29 29 34 30 40 22
Y 540 555 575 577 606 661 738 804 496

At the 0.5% significance level, do the data provide sufficient evidence to conclude that, for custom homes in Equestrian Estates, size and price are positively linearly correlated?

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