Managerial Accounting

Nadia intends to buy a 3-room HDB flat near her workplace in Woodlands. She notices the selling price of HDB flats is dependent on a number of factors. contains HDB resale price data for a 12-month period from May 2018 to April 2019. Table: Sales transaction data collected for 3-rm HDB flatfor the period of May 2018 - April 2019 (1 year). Flat No.Selling Price of HDB Flat ($)Floor LevelDistance to MRT (Km)Remaining Lease (Years).

SUMMARY OUTPUT Regression Statistics Multiple R 0.862045017 R Square 0.743121611 Adjusted R Square 0.721715079 Standard Error 12008.03663 Observations 40 ANOVA 55 MS F Significance F Regression 15016849639 5005616546 34.71471221 1,00809E-10 Residual 36 5190945977 144192943.8 Total 39 20207795616 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 231915.9724 24008.233 9.659851785 1.55316E-11 183225.0191 280606.9257 183225.0191 280606.9257 Floor Level 121.6285617 423-8541202 0.286959253 0.775788745 -737.9871368 951.2448601 -737.9871368 981.2448601 Distance to MRT (Km) -46340.87039 6434.091318 -7.202395505 1.78454E-08 -59389.81239 -33291.92839 -59389.81239 -33291.92839 Remaining Lease (Years) 1411.025093 291 8783818 4.834291201 2.490268-05 819.0682978 2002.981888 819.0682978 2002.981888