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##### [solution] » Giving the selling price of the dependent variable and house size, house age and are independent

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Giving the selling price of the dependent variable and house size, house age and are independent variables please fill in the table and answer the following questions (a-h).  (a = 0.05)

 SUMMARY OUTPUT Regression Statistics Multiple R 0.9571 R Square _____ Adjusted R Square 0.8932 Standard Error 6.8940 Observations _____ ANOVA df SS MS F Significance F Regression 3 5707.4385 _____ _____ 3.27814E-06 Residual 11 _____ 47.5270 Total _____ 6230.2360 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept -16.0580 19.0710 -0.8420 0.4177 -58.0331 25.9171 _____ 25.9171 House Size 4.1462 0.7512 5.5195 0.0002 2.4928 5.7995 2.4928 _____ House Age -0.2361 0.8812 -0.2679 0.7937 -2.1756 1.7035 _____ 1.7035 Area 4.8309 0.9011 5.3612 0.0002 2.8476 6.8141 2.8476 _____

e) What is the variance of the slope coefficient of House size?
f) Conduct a global test of hypothesis to determine if any of the regression coefficients are not zero.
g) Conduct a test of hypothesis for each of the independent variables. Which one you would eliminate and why?
h) Interpret and show that you understand this computer printout. (Significant weight will be given to this question)

The regression equation is written using the coefficient values from the table as Number of observations is equal to the total number of records in the data

c) What percent of the variation is...

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This question was answered on: Oct 14, 2020

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