Question: 912 11732 1 no 3 365.55165430764 2 no (a) Summarizethedatawithascatterplot between y and x1, usingseparatesymbolsforthe twocategoriesof x2. (b) Fitthemodel E(Yi) = 0 + 1xi1 +
912 11732 1 no 3 365.55165430764 2 no
(a) Summarizethedatawithascatterplot between y and x1, usingseparatesymbolsforthe twocategoriesof x2.
(b) Fitthemodel E(Yi) = β0 + β1xi1 + β2xi2. Interprettheestimatedeffects.
(c) Reportandinterpret R2 for summarizingtheglobalpredictivepower.
(d) Conductasignificancetestfortheeffectofwhetherthehouseisnew,adjustingforsize.
Interpret.
(e) Atthemeansizeofthenewhomes,findandinterpreta95%confidenceintervalforthe mean sellingpriceofnewhomesanda95%predictionintervalforthesellingpriceofa new home.
(f)UsingCook’sdistance,identifythemostinfluentialobservationforthemodelfit.Analyze the effectoffittingthemodelwithoutit.(We’llseethatthisobservationisnotinfluential or evenunusualwhenweconsideranalternativemodelin Section 7.1.3 that allowsthe variabilityofsellingpricetoincreaseasitsmeanincreases.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
