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.
Give the value of and interpret it in the context of the problem.
Correct Answer:

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An r2 value of 0.580 indicates ...View Answer
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