Question: Question 1: Review the regression output below Df SS MF F Significance F Regression 2 3.84879E+11 1.92E+11 139.7705 2.70104E-29 Residual 97 1.33552E+11 1.38E+09 Total 99

Question 1:

Review the regression output below

	Df	SS	MF	F	Significance F
Regression	2	3.84879E+11	1.92E+11	139.7705	2.70104E-29
Residual	97	1.33552E+11	1.38E+09
Total	99	5.18431E+11

	Coefficients	Standard Error	T Stat	P-value	Lower 95%	Upper 95%
Intercept	-7798.603858	11560.61659	-0.67458	0.501545	-30743.22765	15146.02
X1	73.61596636	8.308946881	8.859843	3.87E-14	57.12500683	90.10693
X2	21068.19344	8153.874519	2.583826	0.011262	4885.009629	37251.38

In the above Exhibit, if X1 variable represented Living Area (in Sq Ft) and X2 represented number of Bathrooms, make a prediction for House Price in $ for a house with living area of 2350 sq.ft and 2 Bathrooms.

Predicted House Price = $________ (Round to the nearest integer ignoring the decimal values.)

Question 2:

Assuming X1 represents Living Area (in Sq.Ft) in the Exhibit above, construct a 95% confidence interval estimate of the population slope between House Price and the Living area of the house. Interpret the meaning of the 95% confidence interval with the Living Area predictor.

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!

What are the significant determinants of college GPA? What are the insignificant independent variables? Are you surprised that they are insignificant? Taken together, are the independent variables...

Homework 1. Task 1 Find internal forces for the beam bellow. Draw the diagrams of internal forces. The parameters for each student is different and given in the Table 1 bellow. RA M 4 2 35 b Rs c 6)...

Cassie works at the grocery store and earns $12 an hour. She is busy with extracurricular activities and works 20 hours during the week. However, she picks up an eight-hour Sunday shift four times a...

ASAP pls, answer only Question 3 (2 points) Consider the following regression Excel output. ANOVA df SS MS F Significance F Regression 13555.42 "c" 'e" 0 Residual 8 "b' 'd" (Error) Total "a" 14248.90...

Amber Foster Products, Inc., a discount store, has gathered data on its overhead activities and associated costs for the past 12 months. Amber Foster, a member of the CFOs office, believes that...

You may need to use the appropriate technology to answer this question. The stock price (y, in $) of a certain company over a twelve-day period, the number of shares (in 1005) of company's stocks...

ANOVA df SS MS F Significance F Regression 1 1620 1620 21.13043 0.019348927 Residual 3 230 76.6667 Total 4 1850 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 68.0...

Amber Foster Products, Inc., a discount store, has gathered data on its overhead activities and associated costs for the past 12 months. Amber Foster, a member of the CFOs office, believes that...

You are given Pepsi regression analysis: SUMMARY OUTPUT: PEPSI Regression Statistics Multiple R ? R Square . V Adjusted R 0.324686555 Square Standard 4.293616744 Error Observations 48 ANOVA df SS MS...

An academic is interested in whether International collaboration, measured by the international copublication rate, is associated with a higher quality of scientific work, measured by the relative...

Using the data in P, in P, Premier Products Inc. has three departments and uses the process cost system of accounting. A portion of the departmental cost work sheet prepared by the cost accountant at...

Consider the following problem: Maximize Subject to x1 {3, 6, 12}, x2 {3, 6}, x3 {3, 6, 9, 12}, x4 {6, 12}, x5 {9, 12, 15, 18}, all these variables must have different values, x1 + x3 + x4 + 25. Z-...

As the owner of a corporate bond this means I hold an ownership position within that corporation. Question content area bottom Part 1 True False

The driver of the truck has an acceleration of 0.4g as the truck passes over the top A of the hump in the road at constant speed. The radius of curvature of the road at the top of the hump is 98 m,...

A senior accounting major at Midsouth State University has job offers from four CPA firms. To explore the offers further, she asked a sample of recent trainees from each firm: How many months did you...

A four-year $8000 promissory note bearing interest at 6.6% compounded monthly was discounted 21 months after issue to yield 4.8% compounded quarterly. What were the proceeds from the sale of the note?

The building specifications in a certain city require that the sewer pipe used in residential areas have a median breaking strength of more than 2,500 pounds per lineal foot. A manufacturer who would...

The building specifications in a certain city require that the sewer pipe used in residential areas have a mean breaking strength of more than 2,500 pounds per lineal foot. A manufacturer who would...

Determine if the overhead allocated to the product relates to a single plantwide overhead rate method, multiple production department factory overhead rate method, or activity-based costing...

Grasp the complexities of ethics across cultures, including business practices abroad, bribery, prevailing customs, and methods for coping.

of the 3-x-3 writing process, which begins with formal and informal research to collect background information.

Generate and organize ideas resulting from techniques such as brainstorming and brainwriting along with social media techniques such as crowdsourcing, crowdstorming, and crowdfunding.