Question
I have completed all but last part. Not sure how to figure that out. Can you please check my other answers are correct? My answers
I have completed all but last part. Not sure how to figure that out. Can you please check my other answers are correct? My answers are bold and underlined
c) Determine the linear correlation coefficient between square footage and asking price.
r=. 915
.(d) Is there a linear relation between square footage and asking?price?
No
Yes
?(e) Find the?least-squares regression line treating square footage as the explanatory variable.
y hat =. 16x + (6.79)
(Round to two decimal places as?needed.)
?(f) Interpret the slope. Select the correct choice below?and, if?necessary, fill in the answer box to complete your choice.
A.
For every additional thousand dollars in selling?price, the square footage increases by ? sq feet ,on average
B.
For a house that is 0 square?feet, the predicted selling price is ? thousand dollars.
?(Round to two decimal places as?needed.)
C.
For every additional square?foot, the selling price increases by 67.9 thousand?dollars, on average.
?(Round to two decimal places as?needed.)
D.
For a house that is sold for?$0, the predicted square footage is ?
.
?(Round to two decimal places as?needed.)
E.
It is not appropriate to interpret the slope.
?(g) Is it reasonable to interpret the?y-intercept? Why? Select the correct choice below?and, if?necessary, fill in the answer box to complete your choice.
A.
No-a house of ___ square feet is not possible and outside the scope of the model.
?(Type an integer or a simplified?fraction.)
B.
No?a house of ____ square feet is outside the scope of the model
?(Type an integer or a simplified?fraction.)
C.
No?a house of 0 square feet is not possible.
?(Type an integer or a simplified?fraction.)
D.
Yesl?a house of ___ square feet is possible and within the scope of the model.
?(Type an integer or a simplified?fraction.)
E.
More information about the houses is necessary before deciding.
?(h) One home that is 1495
1495 square feet is sold for ?$275
275 thousand. Is this?home's price above or below average for a home of this?size?
The?home's price is ?below or above? the average price. The average price of a home that is 1495 square feet is ?$_______
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