Mathematics, 05.03.2020 20:06 sparky1234
Your friend is saving to buy a house and she asks you to investigate the relationship between house size and selling price and to develop a model to predict the price from size. Data has been obtained on the house size (in square feet) and the selling price (in dollars) for a sample of 100 homes in your town. The simple linear model was fit to the data. Give a practical interpretation of the coefficient of determination of 0.580.
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