Question: Take the first 10 observations in Table 13.1 and perform a multiple regression on these data. What is the R 2 ? How much of

Take the first 10 observations in Table 13.1 and perform a multiple regression on these data. What is the R²? How much of this R² can be attributed to chance?

Data from table 13.1

TABLE 13.1 Real Estate Data Market Price ($ thousands) 63.0 65.1 69.9 76.8 73.9 77.9 74.9 78.0 79.0 834 79.5 83.9 79.7 84.5 96.0 109.5 102.5 121.0 104.9 128.0 129.0 117.9 140.0 Total Number of Square Feet X1 1,605 2,489 1,553 2,404 1,884 1,558 1,748 3,105 1,682 2,470 1,820 2,143 2,121 2,485 2,300 2,714 2,463 3,076 3,048 3,267 3,069 4,765 4,540 Age of Warehouse (Years) 12 35 45 20 32 25 14 8 10 28 30 2 6 14 9 19 4 5 7 3 6 10 11 8

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