Using the accompanying Home Market Value data, develop a multiple linear regression model for estimating the market value as a function of both the age and size of the house State the model and explain R, Significance F, and p-values, with an alpha of 0.05. E Click the icon to view the Home Market Value data State the hypotheses for the multiple linear regression test. Ho

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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House Age Square Feet
35
Market Value
1871
92088
33
1967
104978
33
1817
91288
35
1865
88718
30
1908
105003
33
2063
105669
34
1758
89727
32
1871
93653
31
1849
88758
31
1616
86095
34
1926
102876
33
1622
95079
34
1636
89257
33
2331
109606
32
2432
108509
31
1743
84309
34
2166
110336
31
1646
95037
34
1672
82618
31
1635
88428
28
1515
81241
27
1518
80524
27
1511
80608
28
1636
89769
27
1506
83614
29
1414
78055
27
1496
90259
27
1654
92559
29
1527
82379
29
1467
84986
28
1553
84370
27
1488
87947
27
1452
78809
29
1513
86250
27
1702
88386
29
1623
84787
27
1723
92972
28
1411
82701
26
1533
103459
28
1536
90356
26
1672
95197
27
1507
120785
Transcribed Image Text:House Age Square Feet 35 Market Value 1871 92088 33 1967 104978 33 1817 91288 35 1865 88718 30 1908 105003 33 2063 105669 34 1758 89727 32 1871 93653 31 1849 88758 31 1616 86095 34 1926 102876 33 1622 95079 34 1636 89257 33 2331 109606 32 2432 108509 31 1743 84309 34 2166 110336 31 1646 95037 34 1672 82618 31 1635 88428 28 1515 81241 27 1518 80524 27 1511 80608 28 1636 89769 27 1506 83614 29 1414 78055 27 1496 90259 27 1654 92559 29 1527 82379 29 1467 84986 28 1553 84370 27 1488 87947 27 1452 78809 29 1513 86250 27 1702 88386 29 1623 84787 27 1723 92972 28 1411 82701 26 1533 103459 28 1536 90356 26 1672 95197 27 1507 120785
Using the accompanying Home Market Value data, develop a multiple linear regression model for estimating the market value as a function of both the age and size of the house. State the model and explain R, Significance F, and p-values, with an
alpha of 0.05.
Click the icon to view the Home Market Value data.
State the hypotheses for the multiple linear regression test.
Но
H1:
Transcribed Image Text:Using the accompanying Home Market Value data, develop a multiple linear regression model for estimating the market value as a function of both the age and size of the house. State the model and explain R, Significance F, and p-values, with an alpha of 0.05. Click the icon to view the Home Market Value data. State the hypotheses for the multiple linear regression test. Но H1:
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