Question: Suppose our final model is: AssessedValue = 115.9 + 0.26 x FloorArea + 78.34 x Offices What would be the assessed value of a medical

Suppose our final model is:
AssessedValue = 115.9 + 0.26 x FloorArea + 78.34 x Offices
What would be the assessed value of a medical office building with a floor area of 3500 sq. ft., 2 offices, that was built 15 years ago? Is this assessed value consistent with what appears in the database?

SUMMARY OUTPUT Regression Statistics Multiple R 0.969871009 R Square 0.940649774 Adjusted R Square 0.931518971 Standard Error 377.5133272 Observations 31 ANOVA SS MS ignificance F Regression 4 58727769 14681942 103.0194 1.58-15 Residual 26 3705424 142516.3 Total 30 62433194 Coefficients lard Erro t Stat P-value Lower 95% Upper 95% ower 95.0upper 95.0% Intercept 185.9317672 275.1183 -0.67582 0.505119 -751.445 379.5819 -751.445 379.5819 0.39022044 140.7663 0.073812 0.941725 -278.959 299.7396 -278.959 299.7396 ONA -100.6258085 170.7748 -0.58923 0.560792 -451.658 250.4068 -451.658 250.4068 -1.680187953 5.085169 -0.33041 0.743738 -12.1329 8.772527 -12.1329 8.772527 1796 3.144901219 0.327967 9.589079 5.04E-10 2.470755 3.819047 2.470755 3.819047

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