One of the biggest factors in determining the value of a home is the square footage. The accompanying data represent…

One of the biggest factors in determining the value of a home is the square footage. The accompanying data represent the square footage and asking prices (in thousand of dollars) for a random sample of home for sales.Square Footage, x                                        Asking Prince ($000s), y1,148                                                                                     1541,096                                                                             159.91,151                                                                             1691,288                                                                             169.91,322                                                                             1701,466                                                                             179.91344                                                                              1801,544                                                                             1891,494                                                                             189.9a. Which variable is the explanatory variable?b. Draw a scatter diagram of the data.c. Determine the liner correlation coefficient between square footage and asking price.d. find the least-square regression treating square footage as the explanatory variable.e. Interpret the slope.

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