Question: Does a linear model seem appropriate for this dataset? Statistics: Variable n Mean Std. Dev. Min. Q1 Median Q3 Max. Price 100 126,698 56,357 21,000

Does a linear model seem appropriate for this dataset? Statistics: Variable n Mean Std. Dev. Min. Q1 Median Q3 Max. Price 100 126,698 56,357 21,000 86,875 123,750 153,075 338,000 Size 100 1,526 557 370 1,158 1,410 1,760 4,050 Linear Regression Equation: Parameter Estimate Intercept 9,161 Slope (Size) 77.01 Model Summary: Statistic Value Correlation Coefficient r 0.761 Coefficient of Determination r2 58.0% Residual Standard Deviation 36,730

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