Solved: The r2 value is reported as 595 and the standard deviation, Basic Statistics

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The r2 value is reported as 595 and the standard deviation

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.

Is the correlation of Price and Size positive or negative? How do you know?

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Basic Statistics: The r2 value is reported as 595 and the standard deviation

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Basic Statistics: The r2 value is reported as 595 and the standard deviation

Reference No:- TGS02440270

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