d. Use the F statistic to test the significance of the relationship at a .05 level ofsignificance.Compute the F test statistic (to 2 decimals).What is the p-value? Use Table 1 of Appendix B.p-value is SelectWhat is your conclusion?Selecte. Predict the selling price of an apartment building with gross annual rents of$50,000 (to 1 decimal).$thousands. The commercial division of a real estate firm is conducting a regression analysisof the relationship between x, annual gross rents (in thousands of dollars), andy, selling price (in thousands of dollars) for apartment buildings. Data werecollected on several properties recently sold and the following computer outputwas obtained.The regression equation isY = 20.0 + 7.25 XPredictorСoefSE CoefConstant20.0003.22136.217.2501.36285.29Analysis of VarianceSOURCEDFSSRegression141,587.1Residual Error7Total851,984.5a. How many apartment buildings were in the sample?b. Write the estimated regression equation (to 2 decimals if necessary).+c. What is the value of sb1 (to 4 decimals)?

a. The total degrees of freedom is 8. The number of apartment buildings were in the sample is,…

Answered: a. How many apartment buildings were in…

a. How many apartment buildings were in the sample? b. Write the estimated regression equation (to 2 decimals if necessary). + %3D c. What is the value of sp1 (to 4 decimals)?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section: Chapter Questions

Problem 4SGR

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