Solved: Back to our regression of house price in thousands of on, Basic Statistics

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Back to our regression of house price in thousands of on

Question: Back to our regression of house Price (in thousands of $) on house Size (in thousands of square feet). The R² value is reported as 59.5%, and the standard deviation of the residualsis 53.79.

You find that your house in Saratoga is worth $100,000 more than the regression model predicts. Should you be very surprised (as well as pleased)?

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Basic Statistics: Back to our regression of house price in thousands of on

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Basic Statistics: Back to our regression of house price in thousands of on

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