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) |
| 2521 | 400 |
| 2555 | 426 |
| 2735 | 428 |
| 2846 | 435 |
| 3028 | 469 |
| 3049 | 475 |
| 3198 | 488 |
| 3198 | 455 |
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?
