A builder is interested in which types of homes earn a higher price. For a given number of square feet,
(a) Would you expect to find collinearity in a multiple regression of Price on Private and Social? Explain.
(b) Rather than use both Private and Social as two variables in a multiple regression for Price, suggest an alternative that might in the end be simpler to interpret as well.
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Question Posted: July 14, 2015 09:49:30