The data from Exercise 14.33 for lot size (in acres) and assessed value (in thousands of dollars) for a sample of homes in a particular area are on the WeissStats CD.
a. Decide whether you can reasonably apply the regression t-test. If so, then also do part (b).
b. Decide, at the 5% significance level, whether the data provide sufficient evidence to conclude that the predictor variable is useful for predicting the response variable.