Rescale the following output that has been run through Regression Data Analysis?

I was wondering specifically about part D and how to interpret my findings.

A high R2 is all that is needed to determine if a regression is a good model of a causal process. A. True B. False

Briefly describe what is meant by the problem of errors in measurement of the predictor variables and describe its effect on a regression analysis.

Explain what a residual is and how this relates to the best-fit regression model.

Develop a scatterplot and explore the correlation between customer age and net sales by each type of customer (regular/promotion).  Use the horizontal axis for the customer age to graph.  Find the linear regression line that models the data by each type of customer.  Round the rate of changes (slopes) to two decimal places and interpret them in terms of the relation between the change in age and the change in net sales.  What can you conclude? Hint: Rate of Change = Vertical Change / Horizontal Change = Change in y  / Change in x

Using your dataset, run a regression of Y=GPA and X=# Friends.(do not need your actual data, just the regression results)a) State what this regression is attempting to analyze. “By running this regression, we areattempting to show.....”b) Write out the regression equation and describe what it shows (if Friends increase by 1, then. . . ).c) Find your hypothesized GPA when the # friends equals 17.d) Is the slope of # of Friends significantly different from zero?Include Ho, Ha, decision rule, t statistic from table, tc, decision, and conclusion.e) Is the r-squared of # of Friends significantly different from zero?Include Ho, Ha, decision rule, F statistic from table, Fc, decision, and conclusion.

Explain the process of Computing the Regression Line?

Is it reasonable to interpret the y-intercept of the regression line? Why or why not? One home that is 1,750 square feet is listed at $590,000. Is this home's price above or below average for a home of this size? Use residuals and show your work to answer. footaget) ## (Intercept) 21.14411 136.31449 0.155 0.87954 ## footage 0.28388 0.08516 3.333 0.00667 ** ## Residual standard error: 71.64 on 11 degrees of freedom ## Multiple R-squared: 0.5025, Adjusted R-squared: 0.4573 ## F-statistic: 11.11 on 1 and 11 DF, p-value: 0.006671