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In Problem 13.8 on page 470, you used the land area of a property and the age of a house

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In Problem 13.8 on page 470, you used the land area of a property and the age of a house to predict the fair market value (stored in GlenCove). Using the results from that problem,
a. determine whether there is a significant relationship between fair market value and the two independent variables (land area of a property and age of a house) at the 0.05 level of significance.
b. interpret the meaning of the p value.
c. compute the coefficient of multiple determination, r2, and interpret its meaning.
d. compute the adjusted r2.

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a H 0 1 2 0 H 1 Not all j 0 for j 1 2 F MSR MSE 31 3…View the full answer


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Business Statistics A First Course

Business Statistics A First Course

ISBN: 9780321979018

7th Edition

Authors: David M. Levine, Kathryn A. Szabat, David F. Stephan

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Question Posted: July 16, 2015 21:55:41
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