Question: A property developer asked an analyst to investigate the relationship between the sale price ($000) of one bedroom apartments and the distance (km) from the

A property developer asked an analyst to investigate the relationship between

A property developer asked an analyst to investigate the relationship between thesale price ($000)of one bedroom apartments and thedistance (km)from the city centre. The analyst presented the following Excel Regression output to summarise the findings.

thesale price ($000)of one bedroom apartments and thedistance (km)from the city centre.

Regression Statistics Multiple R 0.663 R Square 0.440 Adjusted R Square 0.370 Standard Error 7.410 Observation 10 Coefficients Standard P- t Stat Lower Upper error value 95% 95% Intercept 494.372 5.002 98.840 1.23E- 13 482.838 505.906 distance(km) -0.805 0.321 -2.506 0.0366 -1.545 -0.064

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