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Is there evidence of a positive linear relationship between price and lot size? Use alpha =.1. Regression Equation Price = 670 +33.4LotSize Coefficients Term Coef

Is there evidence of a positive linear relationship between price and lot size? Use alpha =.1.

Regression Equation

Price

=

670 +33.4LotSize

Coefficients

Term

Coef

SE Coef

T-Value

P-Value

VIF

Constant

670

160

4.19

0.001

Lot Size

33.4

23.1

1.45

0.172

1.00

Model Summary

S

R-sq

R-sq(adj)

R-sq(pred)

203.171

13.87%

7.24%

0.00%

Analysis of Variance

Source

DF

Adj SS

Adj MS

F-Value

P-Value

Regression

1

86403

86403

2.09

0.172

Error

13

536621

41279

Total

14

623024

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