Question: Using the output below, answer the following question in regards to predicting the appraised value of a home based on the number of bedrooms, bathrooms,

Using the output below, answer the following question in regards to predicting the appraised value of a home based on the number of bedrooms, bathrooms, and the age of a home: Reyesso Ses MR 072014611 R Sune 0.518610419 Adusted R Souve 0.497979437 Standard Error 27 27458113 Observation 74 ANOVA Regression Retid TON SS SE 356099.47164 16699 6239 25 13745683795640.11 70 52073.1941 74302776 7311001728659 Intercept Bed Bath A. CocaOror A 27 1540665224 20.3476845255109296 750620-07 952093453 210.00415 5.591255168 4344024423 15173154 0.13880054 -2072621262 15 2561316 3748358407 614134896 6.10205044 5.1503-08 252340526 49 7351055 0913785746 0898580374 .154173535 012764615209582011025830562 Which of the following is the correct estimated regression equation for this model: Appraised Value = 6.50 - 154 07*(Bed) - 37 48"(Bath) - 0 91" Age) Beds 154.076.50"Appraised Value) 37.48"(Bed) - 0.91"/Ago) Appraised Value = 154 076 50 Ago). 37 40"(Bed)-091"Bath) Appraised Value - 154.07 +6.59"(Bed) + 37.48"(Bath) 0.91"Agel Ago = 154.07 6:59"(Bath) + 37.48"(Bed)-0.91"Appraised Value)

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 Finance Questions!

Using the output below, answer the following question in regards to predicting the appraised value of a home based on the number of bedrooms, bathrooms, and the age of a home: Regression Statistics...

1. Refer to the data file Catalog Marketing.xlsx (Example 2.7 in the 4th Edition). a) First, using lookup tables, recode the Age values to Younger, Middle-aged, Older; Close values to LiveClose and...

A researcher is trying to understand the relationship between employees salary and other relevant factors. A sample of 80 employees contains their current annual salary (in dollars), their years of...

Location Income ($1,000) Urban 27 Rural 25 Suburban 25 Suburban 26 Rural 30 Urban 29 Rural 33 Urban 30 Suburban 32 Urban 34 Urban 35 Urban 40 Rural 30 Rural 33 Urban 42 Suburban 32 Urban 43 Urban 43...

QUESTION 1 For a large retailer, the plot below gives the sales for the first quarter of 1998 through the last quarter of 2002 in millions of dollars. 3500 2500 Sales 1500 500 Quarta Year 1998 1999...

The correlation matrix is given by: bath 7. (35ptn) Using the Ames Housing dataset one can use a hedonic pricing method to analyse housing prices. This a technique to determine the value of houses...

Determining the sale price of a home is an important task for city assessors as it helps the city project future tax revenue. Regression models using the physical characteristics of a home to predict...

Assessment Details Qualification Code/Title ICT50220 Diploma of Information Technology Assessment Type Assessment -01 (Written Questions) Time allowed Due Date Location AHIC Term / Year Unit of...

STATS mintab express lab, please and thank you in advance! (pictures uploaded a a odd order the fourth picture is the start) you can see the problem numbers 1-20 scattered To investigate the effect...

Consider a Specific-Factors model. Two countries, Domestic and Foreign, A and B. Assume Domestic has LD 100 workers. Domestic's marginal product of labor in both industries are: = MPLD,A = 2/LD, A...

From the T accounts created in SE6, prepare a trial balance dated May 31, 2014. In SE6, Set up T accounts and record each transaction in SE5. Determine the balance of each account. In SE5, Shawn...

2. What are the implications which reduced capacity brings in terms of kitchen, staffing levels, equipment, or restaurant space (e.g., reduced number of tables)? Explain a couple of these aspects.

Emotional intelligence is characterised by Question 1 Answer a . Good sense of humour b . Proficient in problem solving c . Better interpersonal relationship d . High abstract thinking ability

=+ ^ What is the budget for this project?

=+What information is needed?

=+ How willing and able are decision makers to receive less-than-fully-positive evaluations?