Question: 9.24. For the house sales data in Table 9.4, Table 9.12 shows a regression analysis relating selling price to number of bedrooms. (a) Report the
9.24. For the house sales data in Table 9.4, Table 9.12 shows a regression analysis relating selling price to number of bedrooms.
(a) Report the prediction equation, and interpret the slope.
(b) Using the sample slope and the standard deviations, find the correlation. Interpret its value.
(c) Report r 2
, and interpret its value.
(d) Construct a 95% confidence interval for /I, and interpret.
(e) Interpret the value labeled "Root MSE."
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