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1. Cedar Swamp a) Interpretation of the value of the R Square Statistic: b) Interpretation of the value of SqFt coefficient: c) Predicted selling price

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1. Cedar Swamp a) Interpretation of the value of the R Square Statistic: b) Interpretation of the value of SqFt coefficient: c) Predicted selling price for third house (round to 2 significant digits): d) Value of residual for third house (round to 2 significant digits): Interpretation of residual: e) Will all the residuals from this regression have the same sign as the residual for the third house? Why or why not? f) Can he make any money if he adds a new family room to the side of his house if he sells it? Why or why not? (Provide any calculations you use to justify your answer.) g) Point estimate of change in selling price: Upper bound of 95% confidence interval: Lower bound of 95% confidence interval

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