Question: have the example with other question, i just want answer just like in those steps. this is the question that i want answer to: A
have the example with other question, i just want answer just like in those steps.
this is the question that i want answer to:
A real estate agency collects the data concerning the sales price of a house (in thousands of dollars), using the basis of home size (in hundreds of square feet) and rating (an overall "niceness rating" for the house expressed on a scale from 1[worst] to 10[best], and provided by the real estate agency). Let
Y = sales price of a house (in thousands of dollars)
X1 = home size (in hundreds of square feet)
X2 = rating (an overall "niceness rating" for the house expressed on a scale from 1[worst] to 10[best], and provided by the real estate agency)
The Real Estate Sales Price Data:
y
X1
X2
180
23
5
98.1
11
2
173.1
20
9
136.5
17
3
141
15
8
165.9
21
4
193.5
24
7
127.8
13
6
163.5
19
7
172.5
25
2
A). Describe what are the response and the independent variables and what you have to predict?
SUMMARY OUTPUT
Regression Statistics
Multiple R
0.995049
R Square
0.990123
Adjusted R Square
0.987301
Standard Error
3.241636
Observations
10
ANOVA
df
SS
MS
F
Significance F
Regression
2
7373.952
3686.976
350.8665
9.58E-08
Residual
7
73.55741
10.5082
Total
9
7447.509
Coefficients
Standard Error
t Stat
P-value
Lower 95%
Upper 95%
Lower 95.0%
Upper 95.0%
Intercept
29.34681
4.891442
5.999624
0.000542
17.78039
40.91323
17.78039
40.91323
x1
5.612806
0.228521
24.56147
4.73E-08
5.07244
6.153171
5.07244
6.153171
x2
3.834422
0.433201
8.851371
4.75E-05
2.810065
4.85878
2.810065
4.85878
(B).Find the equation of the regression model:
(C ).Determine the predicted value of y for x1 = 18, and x2 = 8
(D ). Use F test of overall significance of the multiple regression model at
alpha = 0.05, and also test the model by using the p value:
The test of the null hypothesis by using F test.
Steps:
(1)Identify :
:
( 2) df(N) = df(D) =
( 3)Find the critical value of F:
(4)Identify the rejection region:
( 5)Find the standardized F statistic(Calculated F) :
(6)Make decision:
(7)Interpret the decision in the context of the original claim.
(8) The test of the null hypothesis by using p value:



9. Develop the equation of the regression model for the following data. of y. Determine the predicted value of y for x1 = 33, x2 = 29, and x3 = 13. Use F test of overall significance of the multiple regression model at alpha =0.05, and also test by using p value. Y x1 X2 x3 114 21 6 5 94 43 25 8 87 56 42 25 98 19 27 101 29 20 85 34 45 94 40 33 107 32 14 11 119 16 4 7 93 18 31 16 108 27 12 10 117 31 3 8 * The equation of the regression model Regression Statistics Multiple R 0.987399 is : A R Square 0.974957 * = 118: 56- 0. 079X, - 0.884X2+ 0.3769 X3 Adjusted R Square 0.965566 Ans Standard Error 2.134122 Observations 12 ANOVA Significance df 55 MS F F Regression 1418.481 472.8269 103.8158 9.58E-07 Residual 36.43582 4.554478/ 10 75% * The equation of the regression modelt Regression Statistics Multiple R 0.987399 is : A R Square 0.974957 4= 118 56- 0.079X, - 0.884X 2+ 0:3769 X3 Adjusted R Square 0.965566 Ans Standard Error 2.134122 Observations 12 ANOVA Significance MS F Regression 1418.481 472.8269 103.8158 9.58E-07 Residual 00 W 36.43582 4.554478 Total 1454.917 Standard Upper Lower Uppe Coefficients Error t Stat P-value Lower 95% 95% 95.0% 95.0 Intercept 118.5595 1.857982 63.81089 4.05E-12 114.275 122.844 114.275 122.844 X1 -0.0794 0.068484 -1.15943 0.279713 -0.23733 0.078522 0.23733 0.0785 X2 -0.88428 0.086312 -10.2452 7.08E-06 -1.08332 -0.68525 -1.08332 -0.6857 X3 0.37691 0.219729 1.715342 0.124623 -0.12979 0.883605 -0.12979 0.8836( The Predicted value of y at X1 = 33, X2 = 29, X3 = 13 is ! y' = 118.56 - 0. 079 (33) - 0.884( 29) +0.3769(13) = 95, 2167 295.22 Aus. The test of the null hypothesis by using F test. Steps: (1) Identify H. : B = R= B= O H.: At least one of the Partial coefficients is not equal, (2) a = 0.05 df(N) = 3 df(D) = 8 tozero (#0 )The test of the null hypothesis by using F test. Steps: (1) Identify H. : B = R = B= O H. : At least one of the Partial coefficients is not equal tozero ( to (2) a = 0.05 df(N) = 3 df(D) = 8 ( 3) Find the critical value of F: F ( 105 , 3, 8 ) = 4.07 (4) Identify the rejection region: F > 4.07 ( calculated ) Fe= 4. 07 (5) Find the standardized F statistic(Calculated F) : Ful = 103. 816 (6) Make decision: Since the calculated value of F _ the table value of F. ( critical ) the decision is reject Ho. (7) Interpret the decision in the context of the original claim. At 5% level of significance, there is a significant change in at least one of the regression coefficients those are adding a significant Value in the model of yory . The test of the null hypothesis by using p value: Ho: B, = BZ = By = 0 Ha: At least one of the partial coefficients is $ 0. 2 = 0. 05, P-value = 9.58x10 = 0.00000 0958 Since the P-value I the alpha, therefore, the decision is reject Ho
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