Question: From the below data perform a multiple regression. What is the R 2 ? How much of this R 2 can be attributed to chance?

From the below data perform a multiple regression. What is the R2 ? How much of this R2 can be attributed to chance?

Market Price
(thousands of dollars)
y

Total Number of
Square Feet
x1

Age of Warehouse
(Years)
x2

63.01,60535
65.12,48945
69.91,55320
76.82,40432
73.91,88425
77.91,55814
74.91,7488
78.03,10510
79.01,68228
83.42,47030


*(Round your answers to 4 decimal places, e.g. 1.7578.)
**(Round your answers to 3 decimal places, e.g. 1.757.)

The regression equation for given model is: ลท = enter an appropriate value rounded to 4 decimal places * + enter an appropriate value rounded to 4 decimal places * x1 + enter an appropriate value rounded to 4 decimal places * x2


R2 = enter an appropriate value rounded to 3 decimal places ** and expected value of R2 = enter an appropriate value rounded to 3 decimal places **.

Thus, we select an option can expect/can't expect to find R2 close to the true value of enter an appropriate value rounded to 3 decimal places ** purely by chance.

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