Question: In Problem 13.8 on page 470, you used land area of a property and age of a house to predict the fair market value (stored
In Problem 13.8 on page 470, you used land area of a property and age of a house to predict the fair market value (stored in GlenCove). Using the results from that problem,
a. Construct a 95% confidence interval estimate of the population slope between fair market value and land area of a property.
b. 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 independent variables to include in this model.
Step by Step Solution
3.40 Rating (178 Votes )
There are 3 Steps involved in it
a 2741702 1 5400990 b For X 1 t STAT b 1 s b1 62827 and pvalue ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
494-M-S-L-R (2939).docx
120 KBs Word File
