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A real estate agent (Sue Bays Realty) wants tot study the relationship between the size of...

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Basic Math

A real estate agent (Sue Bays Realty) wants tot study therelationship between the size of a house and its selling price. Thetable below presents the size in square feet and the selling pricein thousands of dollars, for a sample of houses in a suburbanneighborhood.

Size (SquareFeet)Selling Price($1000s)
2521400
2555426
2735428
2846435
3028469
3049475
3198488
3198455

Calculate the correlation between these two variables.

Calculate the Predicted Value for each size/price value.

If a linear regression model were fit, what would the value ofthe slope and the value of the y-intercept be?

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