The accompanying data table gives annual costs of 20 commercial leases. The cost of the lease is measured in dollars per square foot, per year. Parking counts the number of parking spots in an adjacent garage that the realtor will build into the cos the lease. The slope of 1/Sq Ft captures the fixed costs of the lease, those present regardless of the number of square feet. Fit the multiple regression of Cost per Sq Ft on 1/Sq Ft and Parking/Sq Ft, then complete parts (a) through (e) below. E Click the icon to view the table of lease data. Use technology to find the multiple regression model. Assume that corresponds to 1/Sq Ft and x, corresponds to Parking/Sq Ft. Lease data

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The accompanying data table gives annual costs of 20 commercial leases. The cost of the lease is measured in dollars per square foot, per year. Parking counts the number of parking spots in an adjacent garage that the realtor will build into the cost of
the lease. The slope of 1/Sq Ft captures the fixed costs of the lease, those present regardless of the number of square feet. Fit the multiple regression of Cost per Sq Ft on 1/Sq Ft and Parking/Sq Ft, then complete parts (a) through (e) below.
Click the icon to view the table of lease data.
Use technology to find the multiple regression model. Assume that x, corresponds to 1/Sq Ft and x, corresponds to Parking/Sq Ft.
Lease data
ŷ = (O
Ox, + (Dx2
%3D
+
(Round to two decimal places as needed.)
Lease Cost
1/Sq Feet
Parking/Sq Ft
($ per Sq Ft)
$3,203
$2,962
$28,295
$8,874
$3,687
$7,814
$7,734
$11,598
$372
0.0055143
0.0275715
0.0053035
0.0318210
0.0006483
0.0181524
0.0019188
0.0230256
0.0042118
0.0252708
0.0018966
0.0132762
0.0019455
0.0252915
0.0015856
0.0206128
0.0348006
$498
$1,918
$19,074
$4,585
$818
$948
$437
$941
$15,872
$1,542
$4,985
0.0431724
0.0096918
0.0387672
0.0008193
0.0213018
0.0032722
0.0392664
0.0212802
0.0152821
0.0833773
0.0218138
0.0009804
0.0196080
0.0144527
0.0144527
0.0031892
0.0255136
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Transcribed Image Text:The accompanying data table gives annual costs of 20 commercial leases. The cost of the lease is measured in dollars per square foot, per year. Parking counts the number of parking spots in an adjacent garage that the realtor will build into the cost of the lease. The slope of 1/Sq Ft captures the fixed costs of the lease, those present regardless of the number of square feet. Fit the multiple regression of Cost per Sq Ft on 1/Sq Ft and Parking/Sq Ft, then complete parts (a) through (e) below. Click the icon to view the table of lease data. Use technology to find the multiple regression model. Assume that x, corresponds to 1/Sq Ft and x, corresponds to Parking/Sq Ft. Lease data ŷ = (O Ox, + (Dx2 %3D + (Round to two decimal places as needed.) Lease Cost 1/Sq Feet Parking/Sq Ft ($ per Sq Ft) $3,203 $2,962 $28,295 $8,874 $3,687 $7,814 $7,734 $11,598 $372 0.0055143 0.0275715 0.0053035 0.0318210 0.0006483 0.0181524 0.0019188 0.0230256 0.0042118 0.0252708 0.0018966 0.0132762 0.0019455 0.0252915 0.0015856 0.0206128 0.0348006 $498 $1,918 $19,074 $4,585 $818 $948 $437 $941 $15,872 $1,542 $4,985 0.0431724 0.0096918 0.0387672 0.0008193 0.0213018 0.0032722 0.0392664 0.0212802 0.0152821 0.0833773 0.0218138 0.0009804 0.0196080 0.0144527 0.0144527 0.0031892 0.0255136 Print Done Enter your answer in the edit fields and then click Check Answer. ?)
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