Refer to the previous two exercises. a. Explain the difference between the residual standard deviation of 52,771.5
Question:
a. Explain the difference between the residual standard deviation of 52,771.5 and the standard deviation of 56,357 reported for the selling prices.
b. Since theyre not much different, explain why this means that number of bedrooms is not strongly associated with selling price. Support this by reporting and interpreting the value of r2.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistics The Art And Science Of Learning From Data
ISBN: 9780321755940
3rd Edition
Authors: Alan Agresti, Christine A. Franklin
Question Posted: