a. write out the regression equation  b. fill the missing values *, **, *** and **** c. use the p-value approach to determine if ø is significant at the 5% significance level

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.3: Lines
Problem 76E
icon
Related questions
Question
100%

error

total 99

a. write out the regression equation 

b. fill the missing values *, **, *** and ****

c. use the p-value approach to determine if ø is significant at the 5% significance level

Bluereef real estate agent wants to form a relationship between the prices of houses, how many
bedrooms, House size in sq ft and Lot Size in sq ft.
The data pertaining to 100 houses were processed using MINITAB and the following is an extract
of the output obtained:
The regression equation is Price = B+ Bedroom + yHouse Size + ALot Size
%3D
Predictor
Coef
SE Coef
T
P.
Constant
37718
14177
2.66
**
Bedrooms
2306
6994
0.33 0.742
House Size
74.3
52.98
0.164
Lot Size
-4.36
17.02
-0.26 0.798
S= 25023
R-Sq=56.0%
R-Sq (adj)=54.6%
DF
SS
MS
F P
Source
***
****
3
76501718347 25500572782
Regression
96
60109046053 626135896
Residual
Page 28 of 37
Transcribed Image Text:Bluereef real estate agent wants to form a relationship between the prices of houses, how many bedrooms, House size in sq ft and Lot Size in sq ft. The data pertaining to 100 houses were processed using MINITAB and the following is an extract of the output obtained: The regression equation is Price = B+ Bedroom + yHouse Size + ALot Size %3D Predictor Coef SE Coef T P. Constant 37718 14177 2.66 ** Bedrooms 2306 6994 0.33 0.742 House Size 74.3 52.98 0.164 Lot Size -4.36 17.02 -0.26 0.798 S= 25023 R-Sq=56.0% R-Sq (adj)=54.6% DF SS MS F P Source *** **** 3 76501718347 25500572782 Regression 96 60109046053 626135896 Residual Page 28 of 37
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question

Is y significantly different from -0.5?

Solution
Bartleby Expert
SEE SOLUTION
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt