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(MATCH ALL 4 EQUATIONS BELOW FOR QUESTION 14) Suppose in a regression analysis to predict house price ('$000) using the number of rooms and distance
(MATCH ALL 4 EQUATIONS BELOW FOR QUESTION 14)
Suppose in a regression analysis to predict house price ('$000) using the number of rooms and distance (km) from city's core, the following data were collected. Number of Distance from House Price Rooms city's core (5'000) 3 5 866 5 15 790 3 12 734 5 17 992 5 24 705 5 32 830 3 10 800 4 32 744 7 40 849 6 17 1116 5 66 408 5 81 630 5 10 810 Generate a multiple regression output for the data. a. What is the dependent variable? Distance from city's core House Price Number of Rooms b. What percent of the variation in the dependent variable is not explained by the independent variables in this model? Round percent to 2 decimal places C]% c. If the regression equation from the output is used to predict the price of a 3roorn house to be $498,104, how far is the house from the city's core? Round to the nearest whole number. Q d. Use the regression coefficients from the output to estimate the price of a 4-room house that is 40 km from the city's core. Round to the nearest dollar. dStep by Step Solution
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