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

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In Problem 14.8 on page 584, you used the land area of a property and the age of a house to predict appraised value (stored in GlenCove). Use the results from that problem.
a. Determine whether there is a significant relationship between appraised 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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Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

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

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