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Answer :
Final answer:
The p-value interpretation is that if there is a linear relationship between square footage and selling price, the probability of observing a test statistic as extreme as 2.07 is 0.04496. Option (c) is correct.
Explanation:
The correct interpretation of the p-value in this scenario is option c.
This means that if there is a linear relationship between the number of square feet and the selling price, the probability of observing a test statistic at least as extreme as 2.07 is 0.04496.
This interpretation is based on the p-value obtained from the hypothesis test conducted by the realtor to determine the existence of a linear relationship between square footage and selling price.
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