Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following results are from a linear regression that attempts to analyze the relationship between the price and the square footage of homes sold in
The following results are from a linear regression that attempts to analyze the relationship between the price and the square footage of homes sold in the last 12 months. Using the linear regression table below, which of the following is the correct model equation?
SUMMARY OUTPUT Regression Statistics Multiple R 0.684 R Square 0.468 Adjusted R Square 0.467 Standard Error 259-489.712 Observations 300 ANOVA MS F Stanificance F Regression 1.000 2040.13 20640.13 438.831 0TOO0 Residual 498.000 6 5271.10 Total 499.000 6.1156+13 Coefficients Standard Emor E Stot Intercept 27372.176 24767.817 0.938 0.338 agit_living 263.358 12.572 20.948 0.000 O PRICE - 263 35 SQFT . 27,572.18 Q PRICE - 430 83 SQFT . 27,572.18 O PRICE - 263 35 SQFT + 27.572.10 O PRICE . .263.35 SQFT (no common:]
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started