City	Single family	Condo or co-op	All homes	Household income	Unemployment	Population
Atlanta, GA	403,000	298,000	317,000	55,279	8.5	498044
Minneapolis, MN	331,000	291,000	323,000	58,993	7.5	425403
Cincinatti, OH	208,000	211,000	191,000	38,545	10.1	302605
San Diego, CA	829,000	536,000	725,000	75,456	8.8	1426000
Reno, NV	450,000	247,000	441,000	54,916	6.9	250998
Portland, OR	518,000	411,000	514,000	65,740	8.9	653115
Sioux Falls, SD	257,000	175,000	248,000	59,017	3.4	181883
Kansas City, MO	184,000	219,000	187,000	52,405	7.5	491918
Chicago, IL	292,000	357,000	297,000	55,198	13.8	2706000
Savannah, GA	210,000	206,000	203,000	41,093	8.8	145862
Bloomington, IN	261,000	188,000	248,000	34,435	4.7	84981
Seattle, WA	890,000	573,000	837,000	85,562	6.6	744955
Concord, NH	297,000	178,000	284,000	62,967	5.2	43412
Augusta, ME	172,000	130,000	176,000	40,340	5.4	18681
Des Moines, IA	162,000	186,000	165,000	52,251	6.4	216853
Lincoln, NB	228,000	186,000	225,000	55,224	3.2	287401
Nampa, ID	298,000	258,000	305,000	44,691	6.4	96252
Draper, UT	613,000	418,000	599,000	115,618	4.8	48319
Houston, TX	246,000	177,000	209,000	51,140	9.8	2326000
Memphis, TN	122,000	170,000	112,000	39,108	12.1	650618
Waco, TX	170,000	127,000	164,000	37,735	7.0	138183
Jackson, MS	68,438	121,000	48,579	37,563	9.3	164422
Tampa, FL	330,000	245,000	289,000	50,909	6.9	392890
Atlantic City, NJ	134,000	112,000	123,000	27,786	15.8	37804
Bozeman, MT	535,000	343,000	499,000	51,896	3.9	48532
Las Vegas, NV	333,000	183,000	318,000	54,694	14.1	644644
San Francisco, CA	1,640,000	1,280,000	1,490,000	104,552	8.4	888305
Philadelphia, PA	209,000	335,000	216,000	43,744	11.7	1584000
Charlotte, NC	311,000	234,000	280,000	60,886	8.1	872498
Ann Arbor, MI	440,000	282,000	412,000	63,956	5.0	121890
Charleston, SC	407,000	303,000	364,000	64,599	4.8	133762
San Antonio, TX	215,000	165,000	213,000	46,317	8.0	1487000

Jump to level 1 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 correlation coefficient R for the model that predicts the list price of condominiums and co-ops using median household income as an explanatory variable? R = EX: 1.234 What is the interpretation of this correlation coefficient in context? A Pick correlation exists between the list price of condominiums and co-ops and median household income