Predicting home sales price. Refer to the data onsale prices and total appraised values of 76 residential properties recently sold in an upscale Tampa,Florida, neighborhood, Exercise 3.8 (p. 100). TheMINITAB simple linear regression printout relating sale price (y) to appraised property (market)value (x) is reproduced on the next page, followedby a MINITAB correlation printout.

(a) Find the coefficient of correlation betweenappraised property value and sale price on theprintout. Interpret this value.

(b) Find the coefficient of determination betweenappraised property value and sale price on theprintout. Interpret this value.