Question: Modeling the means. Following the pattern in Example 11.21, use the output in Figure 11.18 to write the equations for the predicted mean price for
Modeling the means. Following the pattern in Example 11.21, use the output in Figure 11.18 to write the equations for the predicted mean price for
(a) homes with 1 bathroom.
(b) homes with 1.5 bathrooms.
(c) homes with 2 bathrooms.
(d) homes with 2.5 bathrooms.
(e) How can we interpret the coefficient for one of the indicator variables, say Baths2, in language understandable to house shoppers?
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