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TB MC Qu. 14-99 (Algo) A real estate analyst believes that... A real estate analyst believes that the three main factors that influence an apartment's
TB MC Qu. 14-99 (Algo) A real estate analyst believes that... A real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms, the number of bathrooms, and the apartment's square footage. For 40 apartments, she collects data on the rent (y, in $), the number of bedrooms (x1), the number of bathrooms (x2), and its square footage (X3). She estimates the following model as Rent= 60 + 61 Bedroom + 62 Bath + 63 Sqft + . The following ANOVA table shows a portion of the regression results. df SS MS F Regression 3 5, 694, 672 1, 898, 224.0 50. 88 Residual 36 1, 343, 142 37, 310 Total 39 7, 037, 814 Coefficients Standard Error t-stat p-value Intercept 285 54 5. 28 0. 0010 Bedroom 242 58.3 4. 15 0. 0005 Bath 93 56 1 . 66 0. 1183 Saft 0. 2 0. 09 2. 22 0. 0259
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