Mathematics, 01.12.2020 01:00 jcduarte
19. Real estate redux. The regression of Price on Size of
homes in Albuquerque had R2 = 71.4%, as described in
Exercise 15.
a) What is the correlation between Size and Price?
Explain why you chose the sign (+ or -) you did.
b) What would you predict about the Price of a home 1
standard deviation above average in Size?
c) What would you predict about the Price of a home 2
standard deviations below average in Size?
Answers: 3
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19. Real estate redux. The regression of Price on Size of
homes in Albuquerque had R2 = 71.4%, as d...
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