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An independent researcher wants to investigate if the factors which determine the house rent ?(?Y, measured in? dollars), such as the distance of the house
An independent researcher wants to investigate if the factors which determine the house rent ?(?Y, measured in? dollars), such as the distance of the house from the airport ?(X1?), the time since the house was built ?(X2), are significant or not. He collects data from 120 prospective locations and estimates the following regression? equation:
= 2.5 -0.88X, + 1.98X, (0.98) (2.14)Step by Step Solution
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