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

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 43P
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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

 

  • Which predictors are considered significant if we work with α=0.05? Which predictors can be eliminated?
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