(A)Is There Evidence of a Linear Relationship Between the Selling

question 32

Essay

(A)Is there evidence of a linear relationship between the selling price and the square footage of the homes? If so,interpret the least squares line and characterize the relationship (i.e.,positive,negative,strong,weak,etc.).
(B)Identify and interpret the coefficient of determination ( )for the model in (A).
(C)Identify and interpret the standard error of estimate for the model in (A).
(D)Is there evidence of a linear relationship between the selling price and number of bedrooms of the homes? If so,interpret the least squares line and characterize the relationship (i.e.,positive,negative,strong,weak,etc.).
(E)Identify and interpret the coefficient of determination ( )for the model in (D).
(F)Identify and interpret the standard error of the estimate ( )for the model in (C).
(G)Which of the two variables,the square footage or the number of bedrooms,is the relationship with home selling price stronger? Justify your choice.

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Definitions:

TANF

A governmental initiative, Temporary Assistance for Needy Families offers monetary support to qualifying families with low income.

Statistical Discrimination

The practice of making judgments about individuals based on statistical averages of the group they belong to, rather than on their own specific attributes or performance.

Individual Characteristics

Traits, attributes, or qualities that define or differentiate one person from another.

Wage Discrimination

The practice of paying different wages to employees who perform similar work, based on non-performance-related factors such as race, gender, religion, or national origin.