Question: 57. Regression analysis relating the current market value in dollars to the size of homes in Greene County has been developed. The computer output follows.

57. Regression analysis relating the current market value in dollars to the size of homes in Greene County has been developed. The computer output follows. The regression equation is shown as follows: Value = -37 186 + 65.0 Size. Predictor Coef SE Coef T P Constant -37186 4629 -8.03 0.000 Size 64.993 3.047 21.33 0.000 Analysis of Variance Source DF SS MS F P Regression 1 13548662082 13548662082 454.98 0.000 Residual Error 33 9826687392 29778406 Total 34 14531349474

a. How many homes were in the sample?

b. Compute the standard error of estimate.

c. Compute the coefficient of determination.

d. Compute the correlation coefficient.

e. At the 0.05 significance level does the evidence suggest a positive association between the market value of homes and the size of the home?

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