Question: Using the same real estate data, compute a multiple linear regression model that estimates Price as a function of the other variables. a. Copy the


Using the same real estate data, compute a multiple linear regression model that estimates Price as a function of the other variables. a. Copy the multiple regression output. Using the output, answer these questions: b. Citing p-values: Which of the predictors are significant and which are not? a = 0.05 C. Interpret the regression coefficient for the variable Lot. d. Interpret the regression coefficient for the variable Pool. e. Type the estimated regression equation. Answer: a. Regression Output b. P-values - C. Lot coefficient - d. Pool coefficient - e. Regression Equation -Price in $ Size (SF) Lot (Acres) Age (Years) Pool (1 = Yes) Guest Cottage(1 = yes) 250,000 1400 0.5 20 0 325,000 2000 0.5 9 0 365,000 1850 1.3 10 0 400,000 2200 1 2 0 415,000 2100 0.85 15 450,000 3500 0.7 7 475,000 1700 0.9 11 475,000 2500 1.1 3 500,000 3000 1 10 535,000 2100 2.2 4 550,000 3500 1 4 625,000 2500 0.75 7 645,000 3200 2 5 700,000 4000 1.3 3 710,000 3470 2.4 15 720,000 3500 0.95 1 825,000 4200 2 2 865,000 3000 1.4 890,000 3950 3 12 915,000 4500 2 2 450,000 3500 0.7 7 475,000 1700 0.9 8 475,000 2500 1.1 500,000 3000 1 10 535,000 2100 2.2 4 550,000 3500 4 4 625,000 2500 5 7 645,000 3200 2 5 700,000 4000 0.9 W W 710,000 3470 2.4
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