Bluereef real estate agent wants to form a relationship between the prices of houses, how many bedrooms, House size in sq ft and Lot Size in sg ft. The data pertaining to 100 houses were processed...


Bluereef real estate agent wants to form a relationship between the prices of<br>houses, how many bedrooms, House size in sq ft and Lot Size in sg ft. The data<br>pertaining to 100 houses were processed using MINITAB and the following is an<br>extract:<br>The regression equation is Price = B + ÞBedroom + yHouse Size + ALot Size<br>Predictor<br>Coef<br>SE Coef<br>T<br>P<br>Constant<br>37718<br>14177<br>2.66<br>**<br>Bedrooms<br>2306<br>6994<br>0.33<br>0.742<br>House Size<br>74.3<br>52.98<br>0.164<br>Lot Size<br>-4.36<br>17.02<br>-0.26 0.798<br>s= 25023<br>R-Sq=56.0%<br>R-Sq(adj)=54.6%<br>Source<br>DF<br>MS<br>F<br>P<br>Regression<br>Residual<br>3<br>76501718347 25500572782<br>****<br>Error<br>96<br>60109046053<br>626135896<br>Total<br>99<br>1. Fill in the missing values *, **,<br>and<br>****<br>2. Use the p-value approach to determine if o is significant at the 5% significance<br>level<br>

Extracted text: Bluereef real estate agent wants to form a relationship between the prices of houses, how many bedrooms, House size in sq ft and Lot Size in sg ft. The data pertaining to 100 houses were processed using MINITAB and the following is an extract: The regression equation is Price = B + ÞBedroom + yHouse Size + ALot Size Predictor Coef SE Coef T P Constant 37718 14177 2.66 ** Bedrooms 2306 6994 0.33 0.742 House Size 74.3 52.98 0.164 Lot Size -4.36 17.02 -0.26 0.798 s= 25023 R-Sq=56.0% R-Sq(adj)=54.6% Source DF MS F P Regression Residual 3 76501718347 25500572782 **** Error 96 60109046053 626135896 Total 99 1. Fill in the missing values *, **, and **** 2. Use the p-value approach to determine if o is significant at the 5% significance level

Jun 02, 2022
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