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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
Suppose in a regression analysis to predict house price ('$000) using the number of rooms and distance (km) from city's core, the following data were collected. Number of Distance from House Price Rooms city's core ($'000) 6 17 1116 10 800 81 400 6 81 574 17 992 32 495 10 1049 39 811 61 630 32 830 5 866 12 784 40 349 5 15 790 Generate a multiple regression output for the data. a. What is the dependent variable? O House Price O Number of Rooms O Distance from city's coreb. 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. If the regression equation from the output is used to predict the price of a 4-room house to be $650,878, how far is the house from the city's core? Round to the nearest whole number. km d. Use the regression coefficients from the output to estimate the price of a 3-room house that is 49 km from the city's core. Round to the nearest dollar
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