9 see pictures to solve ТуреTownhouseSales PriceLot Cost$112,740$136,530$147,905$170,000$181,916$187,390$189,120$196,898$203,076$205,821$214,205$250,800$255,000$268,000$268,500$271,105$277,720$294,990$301,500$307,387$312,898 $40,768$319,602$324,412 $62,523$20,700$25,500$24,650$25,200$45,025$27,000$35,000$45,025$45,025Single FamilyTownhouseSingle FamilyTownhouseTownhouseSingle FamilyTownhouseTownhouseSingle FamilySingle FamilyTownhouse$39,299$36,500$73.400$43,198$43,344$41,099$45,000$44,650$57,000$59,000$45,850Single FamilySingle FamilySingle FamilySingle FamilySingle FamilySingle FamilySingle FamilySingle FamilySingle FamilySingle FamilySingle FamilySingle FamilySingle FamilySingle FamilySingle FamilySingle FamilySingle FamilySingle Family$82,250S70,399$49,150$337 374$337,380$338,065 $54,850$354,117 $56,219$359,949$432,426$492,820$50,591$57,422$84,122 A national homebuilder builds single-family homes and condominium-style townhouses. The accompanying dataset provides information on the selling price, lot cost, and type of home for closings during one month. Complete parts a through c.Click the icon to view the house sales data.a. Develop a multiple regression model for sales price as a function of lot cost and type of home without any interaction term.Create a dummy variable named "Townhouse", where it is equal to 1 when Type = "Townhouse" and 0 otherwise. Determine the coefficients of the regression equation.Sales Price =+• Lot Cost + () Townhouse(Round the constant and coefficient of Townhouse to the nearest integer as needed. Round all other values to two decimal places as needed.)

Name: 9 see pictures to solve ТуреTownhouseSales PriceLot Cost$112,740$136,5
Uploaded: 2024-03-20T06:47:08.000Z
Channel: Bartleby
Description: 9 see pictures to solve ТуреTownhouseSales PriceLot Cost$112,740$136,530$147,905$170,000$181,916$187,390$189,120$196,898$203,076$205,821$214,205$250,800$255,000$268,000$268,500$271,105$277,720$294,990$301,500$307,387$312,898 $40,768$319,602$324,412 $

Data on Sales Price, Lot Cost and Type of the house for 30 houses is given.

Math

Statistics

A national homebuilder builds single-family homes and condominium-style townhouses The accompanying dataset provides information on the selling price, lot cost, and type of home for closings during one month. Complete parts a through c Click the icon to view the house sales data a. Develop a multiple regression model for sales price as a function of lot cost and type of home without any interaction term Create a dummy variable named "Townhouse", where it is equal to 1 when Type = "Townhouse" and 0 otherwise. Determine the coefficients of the regression equation Sales Price = -Lot Cost • . Townhouse (Round the constant and coefficient of Townhouse to the nearest integer as needed. Round all other values to two decimal places as needed)