The following data are the selling prices of houses (in $000) and the land size (in square metres) for an outer suburb of Sydney.

Land size (square metres) ..................................... Price ($000)
553 ............................................................................ 530
496 ............................................................................ 531
548 ............................................................................ 588
559 ............................................................................ 510
547 ............................................................................ 680
569 ............................................................................ 610
554 ............................................................................ 555
529 ............................................................................ 845
566 ............................................................................ 750
556 ............................................................................ 625
907 ............................................................................ 925

Use these data to compute a correlation coefficient r to determine the correlation between house price and the size of the land. Interpret your results.