Question: Scenario 1 Use the scenario described below to answer the following questions. A realty company in Phoenix, Arizona is interested in analyzing how the square

questions. A realty company in Phoenix, Arizona is interested in analyzing how

Scenario 1 Use the scenario described below to answer the following questions. A realty company in Phoenix, Arizona is interested in analyzing how the square footage (Sqft), number of bedrooms (Bedrooms), number of bathrooms (Bathrooms), and the age (Age) of the house affects a home's sales price in dollars (Price). They collected data on homes that have recently sold using Truilia.com and Zillow.com, and used it to obtain the following estimated regression equation: Price =97, 500 + 101.12 Sqft + 6, 789.20 Bedrooms + 5, 406.98 Bathrooms - 750.01 Age Use the estimated regression equation above to answer the following questions. Assume all the independent/explanatory variables are significant at the 5% level. Based on the estimated regression above, which of the following would be the correct population regression equation that you estimated: O Price = Bo+ 8, Saft + A, Bedrooms + B, Bathrooms + 8, Age O Price - Bot B, Saft + 8, Bedrooms + 8, Bathrooms + 8, Age + e O Price = Bo+ B, Saft + 8, Bedrooms + B, Bathrooms + e Price = Pot Saft + Bedrooms + Bathrooms + Age+ c ( Price = but by Sqft + by Bedrooms + by Bathrooms+ byAge

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