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Use this following information to answer questions 20-22: The following sample data taken from the real estate sales records, providing the Selling Price (in Thousands)

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Use this following information to answer questions 20-22: The following sample data taken from the real estate sales records, providing the Selling Price (in Thousands) and the square footage of the home. Selling Price Square Sale ($,000) Footage 1 $ 354 2,622 2 5 315 2,080 3 5 401 3,225 4 $ 429 3,130 5 $ 316 2,407 6 $ 396 2,796 7 $ 330 2,599 8 $ 355 2,359 20) Create a regression model to estimate the selling price of a home based on square footage. A. Y= 21.88 +.527X B. Y= 106.89 + .096X C. Y=78.55 +.878X D. Y= 55.38 + .104X 21) Using your model, what is the predicted selling price of a 2,850 square foot house (pick the closest answer)? A. $ 282,430 B. $ 393,380 C. $ 380,490 D. $ 349,125 22) What is the correlation coefficient of Selling Price and Square Footage? A. 0.879 B. 0.939 C. 0.772 D. 0.734 23) Which of the following coefficients represents the strongest correlation? A. 0.38 B. 0.15 C. -0.83 D. 0.75

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