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Delete any variable that is not statistically significant and re-run the regression.  Note - leave House Age in because its P-value is very close to .05.

Delete any variable that is not statistically significant and re-run the regression.  Note - leave House Age in because its P-value is very close to .05.

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter11: Data Analysis And Displays
Section11.1: Measures Of Center And Variation
Problem 3E
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Delete any variable that is not statistically significant and re-run the regression.  Note - leave House Age in because its P-value is very close to .05.

Observation House Age Square Feet Bedrooms Brick Lot size Price 1 33 1812 2 10872 $405,000 2 32 1914 3 1 9570 $469,800 3 32 1842 12894 $419,850 4 33 1812 9060 $409,500 32 1836 3 1 11016 $458,550 6. 33 2028 3 1 14196 $488,250 7 32 1732 2 12124 $394,200 33 1850 3 1 9250 $432,000 9 32 1791 10746 $401,400 10 33 1666 2 8330 $397,800 11 32 1852 4 1 11112 $504,000 12 32 1620 1 11340 $483,500 13 32 1692 3 8460 $437,500 14 32 2372 4 1 14232 $570,000 15 32 2372 1 14232 $566,000 16 33 1666 9996 $437,500 17 32 2123 4 1 14861 $580,500 18 32 1620 8100 $473,500 19 32 1731 3 8655 $432,000 20 32 1666 3 9996 $435,500 21 28 1520 10640 $417,000 22 27 1484 7420 $399,000 23 28 1588 2 7940 $407,500 24 28 1598 3 7990 $435,500 25 28 1484 3 10388 $413,000 26 33 1484 7420 $394,000 27 28 1520 10640 $438,000 28 27 1701 3 11907 $471,000 29 28 1484 8904 $410,000 30 28 1468 3 7340 $440,500 31 28 1520 10640 $440,500 32 27 1520 9120 $443,000 33 34 1484 2 8904 $383,000 34 28 1520 3 9120 $422,000 35 27 1668 3 8340 $454,500 36 28 1588 11116 $405,000 37 28 1784 10704 $456,500 38 27 1484 2 8904 $406,500 39 27 1520 4 1 9120 $503,500 40 28 1520 9120 $436,000 41 27 1684 3 1 11788 $483,500 42 27 1581 4 1 9486 $603,500
Transcribed Image Text:Observation House Age Square Feet Bedrooms Brick Lot size Price 1 33 1812 2 10872 $405,000 2 32 1914 3 1 9570 $469,800 3 32 1842 12894 $419,850 4 33 1812 9060 $409,500 32 1836 3 1 11016 $458,550 6. 33 2028 3 1 14196 $488,250 7 32 1732 2 12124 $394,200 33 1850 3 1 9250 $432,000 9 32 1791 10746 $401,400 10 33 1666 2 8330 $397,800 11 32 1852 4 1 11112 $504,000 12 32 1620 1 11340 $483,500 13 32 1692 3 8460 $437,500 14 32 2372 4 1 14232 $570,000 15 32 2372 1 14232 $566,000 16 33 1666 9996 $437,500 17 32 2123 4 1 14861 $580,500 18 32 1620 8100 $473,500 19 32 1731 3 8655 $432,000 20 32 1666 3 9996 $435,500 21 28 1520 10640 $417,000 22 27 1484 7420 $399,000 23 28 1588 2 7940 $407,500 24 28 1598 3 7990 $435,500 25 28 1484 3 10388 $413,000 26 33 1484 7420 $394,000 27 28 1520 10640 $438,000 28 27 1701 3 11907 $471,000 29 28 1484 8904 $410,000 30 28 1468 3 7340 $440,500 31 28 1520 10640 $440,500 32 27 1520 9120 $443,000 33 34 1484 2 8904 $383,000 34 28 1520 3 9120 $422,000 35 27 1668 3 8340 $454,500 36 28 1588 11116 $405,000 37 28 1784 10704 $456,500 38 27 1484 2 8904 $406,500 39 27 1520 4 1 9120 $503,500 40 28 1520 9120 $436,000 41 27 1684 3 1 11788 $483,500 42 27 1581 4 1 9486 $603,500
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