(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:

Interstate Commerce Commission

The first federal agency created in 1887, tasked with regulating the railroads to ensure fair rates, eliminate rate discrimination, and regulate other aspects of common carriers.

William Howard Taft

The 27th President of the United States (1909-1913) known for his conservative policies; later served as the 10th Chief Justice of the United States, making him the only person to have held both offices.

Theodore Roosevelt

The 26th President of the United States, known for his progressive policies, leadership of the Rough Riders, and role in negotiating the end of the Russo-Japanese War.

Republican Party

A major political party in the United States, also known as the GOP (Grand Old Party), with a conservative ideology focusing on limited government, free markets, and traditional values.