The following tables shows the selling prices, in thousands of dollars, and the square footages of seven randomly selected homes recently sold by Century 21 Realtors:
Price: 258 191 253 168 249 245 282
Sq. Ft: 2730 1860 2140 2180 2310 2450 2920
Using XLS, calculate the correlation coefficient for this sample. Using a significance of .1, test the significance of the population correlation coefficient between a house’s selling price and its square footage. What conclusions can you draw?
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