Question: A realty group would like to develop a regression model to help it set weekly rental rates (y) for beach properties during the summer season.

 A realty group would like to develop a regression model to

A realty group would like to develop a regression model to help it set weekly rental rates (y) for beach properties during the summer season. The independent variables for this model are the number of bedrooms a property has (x, ), its age in years (X2), and the number of blocks away from the ocean the property is (X3) Use the data provided to complete parts a through e below. Click the icon to view the data for randomly selected rental properties. a) Construct a regression model using all three independent variables. y = ( D +( x1 + (x2 + (x3 Round the constant term to the nearest integer. Round the coefficients of X1, X2, and x3 to one decimal place as needed.) Data for rental properties Rental ($) Bedrooms Age Blocks 875 2 12 3 1175 3 12 3 1500 3 1.5 1900 4 20 2 2300 6 12 2.5 3200 5 10 1.5 5000 5 5 1.5 2250 3 1.5 2700 4 2.5 3000 4000 5000 9 6500 8000 1300 15 2000 2800 3400 GO N N J - N J W - - 4000 4500 5400 3000 12,000

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