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Suppose the following data were collected from a sample of 15 houses relating selling price to square footage and the architectural style of the house.

Suppose the following data were collected from a sample of 15 houses relating selling price to square footage and the architectural style of the house. Use statistical software to find the following regression equation:

PRICEi=b0+b1SQFTi+b2COLONIALi+b3RANCHi+ei.

Is there enough evidence to support the claim that on average, houses that are ranch style have lower selling prices than houses that are Victorian style at the 0.01 level of significance? If yes, write the regression equation in the spaces provided with answers rounded to two decimal places. Else, select "There is not enough evidence."

Selling Price Square Footage Colonial (1 if house is Colonial style, 0 otherwise) Ranch (1 if house is Ranch style, 0 otherwise) Victorian (1 if house is Victorian style, 0 otherwise)

402899

1845

0

0

1

401159

2538

0

1

0

379188

2027

1

0

0

366694

1707

1

0

0

386206

2082

0

1

0

402719

1958

0

0

1

341536

1572

0

1

0

423115

3057

0

1

0

407797

3473

0

0

1

465879

3666

0

1

0

409897

3411

0

0

1

456301

3649

1

0

0

407880

3171

0

0

1

435798

3145

1

0

0

408085

2647

1

0

0

Selecting a checkbox will replace the entered answer value(s) with the checkbox value. If the checkbox is not selected, the entered answer is used.

PRICEi=____________ +____________ SQFTi+ ____________ COLONIALi + ____________ RANCHi+ei

or There is not enough evidence

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