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I need ans in 15 mins max A national homebuilder builds single-family homes and condominium-style townhouses. The homebuilder collects data on the selling price, lot
I need ans in 15 mins max
A national homebuilder builds single-family homes and condominium-style townhouses. The homebuilder collects data on the selling price, lot cost, type of home, and region of the country (M=Midwest, S=South) for closings during one month. Assume the following summary output is the result of the analysis of the homebuilder's data. SUMMARY OUTPUT Regression Statistics Multiple R 0.81 0.66 R Square Adjusted R Square 0.65 Standard Error 27256.33 Observations 105 ANOVA df SS MS Significance F Regression 1.45474E+11 72737033727 1.85002E-24 Residual 75776592133 742907766 Total 2.21251E+11 Coefficients t Stat P-value Lower 95% Standard Error Upper 95% Intercept 124078.08 9051.36 13.71 7.09992E-25 106124.75 142031.40 Lot Cost 2.78 0.23 12.19 1.27124E-21 2.33 3.23 Townhouse -47418.98 5915.42 -8.02 1.88449E-12 -59152.19 -35685.77 What is the price difference between a townhouse and a single-family house if their lot cost is the same? A. A Townhouse is worth 47,418.98 more than a single-family house. B. No difference in price as lot cost is very important. C. A Single-family house is expensive, but we don't have sufficient data to pinpoint the price difference. D. A Single-family house is worth 47,418.98 more than a Townhouse A national homebuilder builds single-family homes and condominium-style townhouses. The homebuilder collects data on the selling price, lot cost, type of home, and region of the country (M=Midwest, S=South) for closings during one month. Assume the following summary output is the result of the analysis of the homebuilder's data. SUMMARY OUTPUT Regression Statistics Multiple R 0.81 0.66 R Square Adjusted R Square 0.65 Standard Error 27256.33 Observations 105 ANOVA df SS MS Significance F Regression 1.45474E+11 72737033727 1.85002E-24 Residual 75776592133 742907766 Total 2.21251E+11 Coefficients t Stat P-value Lower 95% Standard Error Upper 95% Intercept 124078.08 9051.36 13.71 7.09992E-25 106124.75 142031.40 Lot Cost 2.78 0.23 12.19 1.27124E-21 2.33 3.23 Townhouse -47418.98 5915.42 -8.02 1.88449E-12 -59152.19 -35685.77 What is the price difference between a townhouse and a single-family house if their lot cost is the same? A. A Townhouse is worth 47,418.98 more than a single-family house. B. No difference in price as lot cost is very important. C. A Single-family house is expensive, but we don't have sufficient data to pinpoint the price difference. D. A Single-family house is worth 47,418.98 more than a TownhouseStep by Step Solution
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