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A realtor examines the factors that influence the price of a house in Arlington, Massachusetts. He collects data on recent house sales (Price) and notes each house's square footage (Sqft) as well as its number of bedroom s (Beds) and number of bathroom s (Baths). A portion of the data is shown. The entire data set is found on the text website, labeled Arlington Homes.

1447_price of a house in Arlington.png

a. Estimate: Price = β₀ + β₁ Sqft + β₂Beds + β₃Baths + ε . Show the regression results in a well-formatted table.

b. At the 5% significance level, are the explanatory variables jointly significant in explaining Price?

c. At the 5% significance level, are all explanatory variables individually significant in explaining Price?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
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