Many real estate companies and rental agencies now publish their listings on the Web. One example is Dunes Realty Company, located in Garden City and Surfside Beaches in South Carolina. Go to the website http://www.dunes.com and select Vacation Rentals, then Beach Home Search. The indicate 5 bedrooms, accommodations for 14 people, second row (this means it is across the street from the beach), and no pool or floating dock; select a week in July or August;

indicate that you are willing to spend $8,000 per week; and then click on Search the Beach Homes. The output should include details on the cottages that met your criteria.

a. Determine the correlation between the number of baths in each cottage and the weekly rental price. Can you conclude that the correlation is greater than zero at the .05 significance level?

Determine the coefficient of determination.

b. Determine the regression equation using the number of bathrooms as the independent variable and the price per week as the dependent variable. Interpret the regression equation.

c. Calculate the correlation between the number of people the cottage will accommodate and the weekly rental price. At the .05 significance level can you conclude that it is different from zero?