In Problem 14.8 on page 584, you used land area of a property and age of a

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In Problem 14.8 on page 584, you used land area of a property and age of a house to predict appraised value (stored in GlenCove). Use the results from that problem.
a. At the 0.05 level of significance, determine whether each independent variable makes a significant contribution to the regression model. On the basis of these results, indicate the most appropriate regression model for this set of data.
b. Compute the coefficients of partial determination, r2y1.2 and r2y2.1, and interpret their meaning.
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Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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