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The commercial division of a real estate formas conducting a regression analysis of the relationship between annual gross rents (in thousands of dollars), and selling

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The commercial division of a real estate formas conducting a regression analysis of the relationship between annual gross rents (in thousands of dollars), and selling price in thousands of dollars) for apartment buildings. Data were collected on several properties recently sold and the following computer output was obtained ANOVA dr MS F Significance SS 41587.5 Regression Residual Total 1 7 8 51984.4 pivat Intercept Annual Gross Bents Coefficients 20.000 7.220 Standard Error 3.2213 1.3624 Star 6.21 5.29 a. How many apartment buildings were in the sample? b. Write the estimated regression equation (to 2 decimals if necessary) c. Use the statistic to test the significance of the relationship at 0.05 level of significance What is the p vale? Use Table of Appendix pas Select your awer What is your conclusion Select your answer d. Use the statistic to test the significance of the relationship at 0.05 level of cance Compute the test statistic (to 2 decimals c. Use the t statistic to test the significance of the relationship at a 0.05 level of significance. What is the p-value? Use Table 2 of Appendix B. p-value is Select your answer What is your conclusion? - Select your answer d. Use the F statistic to test the significance of the relationship at a 0.05 level of significance. Compute the F test statistic (to 2 decimals). What is the p-value? Use Table 4 of Appendix B. p-value is - Select your answer - What is your conclusion? Select your answer e. Predict the selling price of an apartment building with gross annual rents of $60,000 (to 1 decimal). BA thousands

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