2) Which group of independent variables is significant in this model using alpha = 0.05? • Age- • Living Area - •Bedrooms - 4 3) The 95% confidence interval for the regression coefficient for the Living Area variable is and . (to 3 d.p.) 4) The F-calculated value for the regression model is (to 3 d.p.)

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2) Which group of independent variables is significant in this model using alpha = 0.05?
Age -
• Living Area -
• Bedrooms -
.
3) The 95% confidence interval for the regression coefficient for the Living Area variable is
and
.(to 3 d.p.)
4) The F-calculated value for the regression model is
(to 3 d.p.)
5) The F-critical value for the regression model using alpha = 0.05 is
(to 2 d.p.)
Transcribed Image Text:2) Which group of independent variables is significant in this model using alpha = 0.05? Age - • Living Area - • Bedrooms - . 3) The 95% confidence interval for the regression coefficient for the Living Area variable is and .(to 3 d.p.) 4) The F-calculated value for the regression model is (to 3 d.p.) 5) The F-critical value for the regression model using alpha = 0.05 is (to 2 d.p.)
The partially completed regression output to predict the selling price of a house based on
the age of the house in years (Age), the living area of the house in square feet (Living Area)
and the number of bedrooms (Bedrooms) is given below
Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations
ANOVA
Regression
Residual
Total
0.8486
36,009.01
df
SS
36,709,265,905.70
14 50,972,400,000.00
Coefficients Standard Error
108,597.3721
-580.6870
86.8282
31,261.9127
MS
101,922.3333
2,092.4981
27.6994
11,006.8696
t Stat
Intercept
Age
Living Area
Bedrooms
[NOTE: Do not include a comma in your response]
1)The predicted selling price for a home that is 10 years of age, has 2,000 square feet of
living area and has three bedrooms is $
(to 2 d.p.)
Transcribed Image Text:The partially completed regression output to predict the selling price of a house based on the age of the house in years (Age), the living area of the house in square feet (Living Area) and the number of bedrooms (Bedrooms) is given below Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations ANOVA Regression Residual Total 0.8486 36,009.01 df SS 36,709,265,905.70 14 50,972,400,000.00 Coefficients Standard Error 108,597.3721 -580.6870 86.8282 31,261.9127 MS 101,922.3333 2,092.4981 27.6994 11,006.8696 t Stat Intercept Age Living Area Bedrooms [NOTE: Do not include a comma in your response] 1)The predicted selling price for a home that is 10 years of age, has 2,000 square feet of living area and has three bedrooms is $ (to 2 d.p.)
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