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Proportion of the variation in listing price

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Reference no: EM131061331

Help with the following business question.

  • Click on Data→Data Analysis→Regression→OK.   Highlight your data (including your two headings) and input the correct columns into Input Y Range and Input X Range, respectively.  Make sure to check the box entitled "Labels". 

What  is the Coefficient of Correlation between square footage and listing  price? 

Does your Coefficient of Correlation seem consistent with your answer  to #2 above?  Why or why not?   What proportion of the variation in listing price is determined by variation in the square footage?  What proportion of the variation in listing price is due to other factors?

Reference no: EM131061331

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