14.2 Consider the following ANOVA table for a multiple regression model relating housing prices (in thousands of dollars) to the number of bedrooms in the house and thesize of the lot on which the house was built (in square feet). There were87 total observations.Estimated Price = 21,763.23 +2967.68 (Bedrooms) + 0.2003 (Lot SizeANOVAdfSSMSFSignificance FRegression 2 343,952.4330 171,976.2165 22.8828 1.1669E-087515.5290Residual 84 631,304.4390Total86975,256.8720What percent of variation in housing prices is explained by the number of bedrooms and lot size? Round your answer to two decimal places.

Multiple regression analysis is used to estimate the linear relationship between one dependent…

Consider the following ANOVA table for a multiple regression model relating housing prices (in thousands of dollars) to the number of bedrooms in the house and the size of the lot on which the house was built (in square feet). There were 87 total observations. Estimated Price = 21,763.23 + 2967.68 (Bedrooms) +0.2003 (Lot Size) df SS Regression 2 343,952.4330 Residual 84 631,304.4390 Total 86 975,256.8720 ANOVA MS 171,976.2165 7515.5290 F Significance F 22.8828 1.1669E-08 What percent of variation in housing prices is explained by the number of bedrooms and lot size? Round your answer to two decimal places.

Consider the following ANOVA table for a multiple regression model relating housing prices (in thousands of dollars) to the number of bedrooms in the house and the size of the lot on which the house was built (in square feet). There were 87 total observations. Estimated Price = 21,763.23 + 2967.68 (Bedrooms) +0.2003 (Lot Size) df SS Regression 2 343,952.4330 Residual 84 631,304.4390 Total 86 975,256.8720 ANOVA MS 171,976.2165 7515.5290 F Significance F 22.8828 1.1669E-08 What percent of variation in housing prices is explained by the number of bedrooms and lot size? Round your answer to two decimal places.

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter1: Functions

Section1.2: The Least Square Line

Problem 8E

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