MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
Bartleby Related Questions Icon

Related questions

Question

A real estate builder wishes to determine how house size (House) is influenced by family income (Income) and family size (Size). House size is measured in meter square and income is measured in IDR millions. The builder randomly selected 50 families and ran the multiple regression. Partial Microsoft Excel output is provided below:

 

  1. Which of the independent variables in the model are significant at the 5% level?

    Formulate the hypothesis and explain the answer.

  2. How far can you rely upon this model? Or, what is the percentage variation in House

    explained by the model?

  3. What is the predicted house size (in hundreds of square feet) for an individual earning

    an annual income of IDR 400 million and having a family size of 4?

Regression Statistics
Multiple R
0.8479
R Square
0.7189
Adjusted R Square
0.7069
Standard Error
17.5571
Observations
50
ANOVA
df
SS
MS
F
Significance F
Regression
37043.3236
18521.6618
0.0000
Residual
14487.7627
308.2503
Total
49
51531.0863
Coefficients
Standard Error
t Stat
P-value
Intercept
-5.5146
7.2273
-0.7630
0.4493
Income
0.4262
0.0392
10.8668
0.0000
Size
5.5437
1.6949
3.2708
0.0020
expand button
Transcribed Image Text:Regression Statistics Multiple R 0.8479 R Square 0.7189 Adjusted R Square 0.7069 Standard Error 17.5571 Observations 50 ANOVA df SS MS F Significance F Regression 37043.3236 18521.6618 0.0000 Residual 14487.7627 308.2503 Total 49 51531.0863 Coefficients Standard Error t Stat P-value Intercept -5.5146 7.2273 -0.7630 0.4493 Income 0.4262 0.0392 10.8668 0.0000 Size 5.5437 1.6949 3.2708 0.0020
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc
Text book image
Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning
Text book image
Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning
Text book image
Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON
Text book image
The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman
Text book image
Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman