FloorArea (Sq.Ft.)OfficesEntrancesAgeAssessedValue ($'000)479042817964720321215445940422209457204234196836603238156750004231187829902119949261021489105650424217743570214118729303215111312802131671488032421678162012357101820211767845302251585257021138424690224515391280114543341003127126835302241125136602233109411101250638267022399991100112065358104317191425602224772234031589036902215128235803227126436102181162396032171447 conduct a regression analysis of FloorArea and AssessmentValue.Is FloorArea a significant predictor of AssessmentValue?

Estimated linear regression model is given by y^=a+bx where y is the response variable, y^ is the…

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conduct a regression analysis of FloorArea and AssessmentValue. Is FloorArea a significant predictor of AssessmentValue?

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

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.6: Regression And Median-fit Lines

Problem 4GP

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Question

FloorArea (Sq.Ft.)	Offices	Entrances	Age	AssessedValue ($'000)
4790	4	2	8	1796
4720	3	2	12	1544
5940	4	2	2	2094
5720	4	2	34	1968
3660	3	2	38	1567
5000	4	2	31	1878
2990	2	1	19	949
2610	2	1	48	910
5650	4	2	42	1774
3570	2	1	4	1187
2930	3	2	15	1113
1280	2	1	31	671
4880	3	2	42	1678
1620	1	2	35	710
1820	2	1	17	678
4530	2	2	5	1585
2570	2	1	13	842
4690	2	2	45	1539
1280	1	1	45	433
4100	3	1	27	1268
3530	2	2	41	1251
3660	2	2	33	1094
1110	1	2	50	638
2670	2	2	39	999
1100	1	1	20	653
5810	4	3	17	1914
2560	2	2	24	772
2340	3	1	5	890
3690	2	2	15	1282
3580	3	2	27	1264
3610	2	1	8	1162
3960	3	2	17	1447

conduct a regression analysis of FloorArea and AssessmentValue.
Is FloorArea a significant predictor of AssessmentValue?

Definition Definition Statistical method that estimates the relationship between a dependent variable and one or more independent variables. In regression analysis, dependent variables are called outcome variables and independent variables are called predictors.

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