Data in this template include the appraised value (in $1000s), land area of the property (in acres), and age (in years) for a sample of 36 single-family homes located in Glen Cove, a small city in Nassau County, NY. Develop a multiple linear regression model and: a) State the multiple regression equation. b) Interpret the meaning of the slops b1 and b2. c) Highlight the coefficient of determination and explain its meaning. d) Predict the appraised value for a house that has a land area of 0.32 acres and is 52 years old. e) Is there a linear relationships between 1) Appraised value and Acres? 2) Appraised value and Age?

Appraised Value ($1000s) Land (acres) Age (years) 477

477.0	0.3407	51
375.0	0.3302	56
440.0	0.2740	34
559.4	0.5718	23
416.9	0.3659	51
385.1	0.3400	93
326.0	0.2918	53
760.7	0.6125	12
228.7	0.3339	57
646.7	0.2410	20
361.7	0.2873	59
466.0	0.5310	53
367.2	0.3630	51
282.7	0.2258	17
315.3	0.2803	69
299.4	0.2824	57
407.7	0.4959	49
624.5	0.7655	51
325.1	0.2832