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You read a report that the correlation between the number of bedrooms in a house and the square footage of the house have a correlation of +0.72.
What is your interpretation?
72% of the time large homes have at least 3 bedrooms.
We are 72% sure there is a correlation between number of bedrooms and square footage.
Houses with fewer bedrooms tend to have higher square footage.
Houses with more bedrooms tend to have higher square footage.