Real estate redux The regression of Price on Size of homes in Albuquerque had R2 =
Chapter 7, Problem 29(choose chapter or problem)
Real estate redux The regression of Price on Size of homes in Albuquerque had R2 = 71.4,, as described in Exercise 25. 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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