The regression of Price on Size of homes in Albuquerque had $R^{2}=71.4 \%$, 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?
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714} = 0.845$. Since the correlation coefficient is positive, it indicates a positive relationship between Size and Price. ** Show more…
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