Question: Question 15 (16 points) SUMMARY OUTPUT Regression Statistics Multiple R 0.91 R Square 0.84 Adjusted R 0.83 Square Standard Error 20,949.15 Observations 301.00 ANOVA df

Question 15 (16 points) SUMMARY OUTPUT Regression Statistics Multiple R 0.91 R Square 0.84 Adjusted R 0.83 Square Standard Error 20,949.15 Observations 301.00 ANOVA df Regression 4.00 Residual 296.00 Total 300.00 SS MS Significance F F 667,427,645,418.08166,856,911,354.52380.200.00 129,904,621,849.66438,866,965.71 797,332,267,267.74 Intercept SF PY N2 N3 Coefficients Standard Error 28,988.78 6,408.55 90.83 2.38 14.254,45 2,445.07 6,051.24 2,935.80 12,600.61 2,923.76 t Star 4.52 38.22 5.83 2.06 4.31 P. value 0.00 0.00 0.00 0.04 0.00 N2 N3 6.051.24 2,935.80 12,600.61 2,923.76 2.06 4.31 0.04 0.00 SF = square feet of the house PY: 0 = no pool, 1 = pool BY: 0 = not made of bricks, 1 made of bricks There are three neighborhoods N1, N2 and N3 y = house price The model explains how much of the variation in price 2 decimal places M The test statistic for the marginal test of PY is 2 decimal places Based on the marginal test of N2 (given an alpha= 1) you should A. Fail to Reject Ho B. Conclude N2 is not statistically significant in the equation C. Conclude N2 is related to price D. Conclude the true coefficient for N2 could be zero Single capital letter The equation shows a price difference between N1 and N2 of? 2 decimal places AJ What is the estimated price of a house that is SF = 2,400 PY: yes BY: Yes Is in N3 2 decimal places Each additional square foot raises the price by 2 decimal places Previous Page Next Page Page 15 of 18

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