Question: Use the scatterplot for number of farms and size of farms in Figure 7.5. a. Insert a best-fit line in the given scatterplot. b. Estimate

Use the scatterplot for number of farms and size of farms in Figure 7.5.
a. Insert a best-fit line in the given scatterplot.
b. Estimate or compute r and r2. Based on your value for r2, determine how much of the variation in the variable can be accounted for by the best-fit line.
c. Briefly discuss whether you could make valid predictions from this best-fit line.

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a b Actual r 099 r 2 097 About 97 of the variation in farm size can be explained ... View full answer

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