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10 TB MC Qu. 14-99 (Algo) A real estate analyst believes that... A real estate analyst believes that the three main factors that influence an
10 TB MC Qu. 14-99 (Algo) A real estate analyst believes that... A real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms, the number of bathrooms, and the apartment's square footage. For 40 apartments, she collects data on the rent (y. in $). the number of bedrooms (x1). the number of bathrooms (x2). and its square footage (x3). She estimates the following model as Rent = 60 + 61 Bedroom + 62 Bath + 63 Saft + E. The following ANOVA table shows a portion of the regression results. 00:29:08 of SS MS Regression 3 5,694,766 1, 898, 255. 3 50. 88 Residual 36 1, 343, 128 37,309 Total 39 7,037,894 Coefficients Standard Error -stat -value Intercept 298 106 2.81 0.0030 References Bedroom 212 59 3.59 0.0007 Bath 81 55.7 1.45 0. 1225 Saft 0.4 0.08 0.0282 The standard deviation of the difference between actual rent and the estimated rent is Multiple Choice O 37,309 O 50.88 O 193.16 O 40.12
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