Question
The regression of Price on Size of homes in a certain city had R2=74.1%. What would one predict about the Price of a home 1
The regression of Price on Size of homes in a certain city had R2=74.1%.
What would one predict about the Price of a home 1 standard deviation above average inSize? Select the correct choice below and fill in the answer box to complete your choice.
(Round to three decimal places asneeded.)
A.
Price should be
nothing
standarddeviation(s) above the mean in price.
B.
Price should be
nothing
above the mean in price.
C.
Price should be
nothing
times the mean price.
D.
Price should be
nothing
standarddeviation(s) times the mean price.
c) What would one predict about the Price of a home 2 standard deviations below average inSize? Select the correct choice below and fill in the answer box to complete your choice.
A.
Price should be
nothing
times the mean price.
B.
Price should be
nothing
standarddeviation(s) below the mean in price.
C.
Price should be
nothing
below the mean in price.
D.
Price should be
nothing
standarddeviation(s) times the mean price.
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