Question: A researcher is analyzing the relationship between various variables in housing data for 32 cities: median list prices of single family homes, condominium or

A researcher is analyzing the relationship between various variables in housing data

A researcher is analyzing the relationship between various variables in housing data for 32 cities: median list prices of single family homes, condominium or co-ops, all homes, median household income, unemployment rate, and population. What is the correlation coefficient R for the model that predicts the list price of condominiums and co-ops using population as an explanatory variable? R = Ex: 1.234 What is the interpretation of this correlation coefficient in context? A Pick correlation exists between the list price of condominiums and co-ops and population.

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