Question
A researcher is analyzing the relationship between various variables in housing data for 32 cities: median list prices of single family homes, condominium or co-ops,
A researcher is analyzing the relationship between various variables in housing data for 32 cities: median list prices of single family homes, condominium or co-ops, all homes, median household income, unemployment rate, and population.
What is the coefficient of determination R2= [] for the model that predicts the list price of all homes using population as an explanatory variable?
The interpretation of this coefficient of determination in context is that [ ]% of the variance in the list price of all homes is explained by the variance in population.
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