Multiple Regression This data is based on a random sample of housing sales in Newark, DE from 2005 to 2008 The total sample size is 131 houses The dependent variable is PRICE in $1,000s (the actual sale price is divided by 1,000) We will look at four independent variables AREAThe total square footage of the house LOTSIZEThe size of the lot in acres BEDROOMSThe number of bedrooms in the house BATHDUMA dummy variable for the number of full bathrooms where 1 2 or more bathrooms, 0 1 bathroom Summary of Fit RSquare 1 RSquare Adj 0 6934 Root Mean Square Error 34 9853 Mean of Response 237 2661 Observations (or Sum Wgts) 131 Analysis of Variance Source DF Sum of Squares Mean Square F Ratio Model 2 364730 65 3 4 Error 5 6 1223 97 Prob F t Intercept 56 7669 19 0557 2 979 0 0035 AREA 0 0496 0 0093 5 3322

The Answer is in the image, click to view ...

Question: Multiple Regression. This data is based on a random sample of housing sales in Newark, DE from 2005 to 2008.The total sample size is 131

Multiple Regression.This data is based on a random sample of housing sales in Newark, DE from 2005 to 2008.The total sample size is 131 houses.The dependent variable is PRICE in $1,000s (the actual sale price is divided by 1,000).We will look at four independent variables.

AREAThe total square footage of the house
LOTSIZEThe size of the lot in acres
BEDROOMSThe number of bedrooms in the house
BATHDUMA dummy variable for the number of full bathrooms where 1 = 2 or more bathrooms, 0 = 1 bathroom

Summary of Fit RSquare 1 RSquare Adj 0.6934 Root Mean Square Error 34.9853 Mean of Response 237.2661 Observations (or Sum Wgts) 131 Analysis of Variance Source DF Sum of Squares Mean Square F Ratio Model 2 364730.65 3 4 Error 5 6 1223.97 Prob F <.0001 c. total parameter estimates term estimate std error t ratio prob>|t| Intercept 56.7669 19.0557 2.979 0.0035 AREA 0.0496 0.0093 5.3322 <.0001 lotsize bedrooms bathdum>

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Data: Razor.xls Compute Using: Microsoft Excel functions and/or Data Analysis Toolpak, Regression The marketing department of a large supermarket chain wants to study the effects of price on the sale...

In your answers you need to provide screenshots from SPSS. Part A Assume that you are Marketing Manager and you were asked to assess whether there is any association between Advertising and Sales....

ECON7300: Statistical Project Assignment (Part IIIA), Semester 2, 2022 Instructions for Dataset3 part IIIA: Multiple Regression Analysis Data saved in Dataset3 pan IIIA contain the listed prices,...

Multiple regression The data presented in this case requires the use of a multiple regression as there is more than one independent variable. In this case, there are three independent variables, the...

Study the equation and the result, which one student obtained by solving a multiple regression question data data table. Explain role of (regression) coefficients in general, and then (by...

To estimate market potential for the garden tractor division of the MF Implement Co., Mark Haynes, the statistician, estimated the following relationship using multiple regression analyses: Using...

Ex 11-2... question is attached... Exercise 11-22 Break-even sales and sales mix for a service company Yellow Dove Airways provides air transportation services between Portland and Minneapolis. A...

Q1 Meals part has done, not sure about deliveries. please help me with the rest of the questions. Thanks for help, positive rate ready. Normal sol Normal 2Condtional Format a Good Formating Table...

Data Table mance of stock in rchases stock in the These values are ry variables. Comp of data ck in a similar Company returns are the same as and excess returns on the mave linear patterns Excess...

Hello, I havetwo articles about S Corp. and C Corp., and IJUST need towrite a conclusion paragraph based on professor's questions. can you help me to write it? Articles are attached Accounting...

The articles on Blockchain and the dangers of investing in Digital Currencies (provided in this week's course material hereabove) and your own research,You will use your textbook, the university...

Using the information discussed to prepare a statement of cash flows under the direct method. Forgood Inc. had the following comparative balance sheets for 2019 and 2020: 12/31/2019 12/31/2020 Cash...

How have Western sexual norms and behaviors changed? Give a few examples of both positive and negative changes. How do you decide if the changes are positive or negative

Oust the Turtle Company has the following balances on December 31, 2020: Cash on hand 4,500.00 Cash in bank A 33,000.00 Cash in bank X 50,000.00 Cash in bank C 822,999.72 Cash on hand includes $ 3....