Solved

Use the Following Information for Questions:
Data Has Been r2r^2

Question 52

Short Answer

Use the following information for questions:
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. 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.
-Some of the regression output is provided below.
 Use the following information for questions:  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. 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. -Some of the regression output is provided below.     Give the value of  r^2  and interpret it in the context of the problem.
Give the value of r2r^2 and interpret it in the context of the problem.

Correct Answer:

verifed

Verified

An r2 value of 0.580 indicates ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions