Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the 95% confidence interval for the average value of a house with the features given in this problem using model 3 (assume Distance

image text in transcribed
What is the 95% confidence interval for the average value of a house with the features given in this problem using model 3 (assume Distance Value = .0673)? (hint: you already calculated the center of this confidence interval using model 3 in part a) Regression Statistics Multiple R 0.774416679 R Square 0.599721193 Adjusted R Square 0.5825049 Standard Error 145.6706933 Observations 98 ANOVA if SS MS F Significance F Regression 4 2956746.708 739186.6769 34.83451402 9.34467E-18 Residual 93 1973455.433 21219.95089 Total 97 4930202.141 Coefficients Standard Error t Stat -value Lower 95% Upper 95% Lower 95.0% Upper 95. 0% Intercept -86.52 58.61 -1.48 0.14 -202.90 29.86 -202.90 29.86 bath 44.85 21.99 2.04 0.04 1.18 88.51 1.18 88.51 area 0.10 0.02 4.42 0.00 0.05 0.14 0.05 0.14 lot 331.29 74.18 4.47 0.00 183.98 478.61 183.98 478.61 Central_cooling 90.98 30.16 3.02 0.00 31.09 150.87 31.09 150.87 3. price = -86.52 + 44.85bath + 0.10area + 331.29lot + 90.98cooling = -86.52 + 44.85(2) + 0. 1(2400) + 331.29(0.8) + 90.98(1) = 599. 192

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Algebra And Trigonometry, Enhanced

Authors: Cynthia Y Young

4th Edition

1119320860, 9781119320869

More Books

Students also viewed these Mathematics questions