(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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Today's value of a future monetary amount or a string of cash flows, considering a specified rate of return.

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The interest rate charged or earned over a particular period of time, often monthly, quarterly, or annually, as opposed to the annual percentage rate (APR).

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The regularity with which payments are dispensed, for instance, on a monthly, quarterly, or yearly basis.