Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

The regression equation is
LISTPRICE = 28.3 + 5.70 LIVINGAREA - 3.29 ROOMS - 5.94 BEDRMS + 1.65 BATHRMS - 0.314 AGE + 5.63 ACRES + 0.0215 TAXES

Predictor Coef SE Coef T P
Constant 28.34 27.82 1.02 0.314
LIVINGAREA 5.698 1.036 5.50 0.000
ROOMS -3.291 5.621 -0.59 0.561
BEDRMS -5.936 7.309 -0.81 0.421
BATHRMS 1.646 7.034 0.23 0.816
AGE -0.3145 0.1517 -2.07 0.044
ACRES 5.626 3.455 1.63 0.111
TAXES 0.021470 0.004479 4.79 0.000

R-Sq = 91.5%

Above is info for Multiple regression. The output variable was LISTPRICE for homes selling in a particular region. The square footage of the home, the number of rooms, number of bedrooms, number of bathrooms, the age of the house, the amount of land include with the house and the amount of property taxes were considered as variables that may have an impact on the LISTPRICE of the house. Using what you know about t-scores, identify which of the variables have a significant influence on the LISTPRICE.
At a level of 1% which variables are significant?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9404790

Have any Question?


Related Questions in Statistics and Probability

A comitttee of 3 persons is selected at random from a group

A comitttee of 3 persons is selected at random from a group of 5 mathematicians and 8 physicists. What is the probability that one is a mathematician

In february 2017 the risk-free rate was 431 percent the

In February 2017 the risk-free rate was 4.31 percent, the market risk premium was 6 percent, and the beta for Twitter stock was 1.58. What is the expected return that was consistent with the systematic risk associated wi ...

How can i describe the relationship between diversifiable

How can I describe the relationship between diversifiable risk and total risk, along with the role of Beta?

The everly equipment companys flange-lipping machine was

The Everly Equipment Company's flange-lipping machine was purchased 5 years ago for $70,000. It had an expected life of 10 years when it was bought and its remaining depreciation is $7,000 per year for each year of its r ...

Suppose you invest 2000 today and receive 9500 in five

Suppose you invest $2,000 today and receive $9,500 in five years. a. What is the internal rate of return? (IRR) of this? opportunity? b. Suppose another investment opportunity also requires $2,000 upfront, but pays an eq ...

You are working with a moe of -4 and a confidence level of

You are working with a MOE of +/-4% and a confidence level of 95%. P and Q =.50, and your CPI is $25.00. The company you work for needs to make a decision as to whether they may need different advertising for men and wom ...

Explain the difference between profit and shareholders

Explain the difference between profit and shareholder's wealth maximization and, which of two should be goal of a business?

What is the sample size for studies with moe of -35 and -28

What is the sample size for studies with MOE of +/-3.5% and +/-2.8%?, with a confidence level of 95%, sample statistics of .50? Please show work.

Homework -the linear probability model who smokes and who

HOMEWORK - The Linear Probability Model: Who smokes and who doesn't? The EXCEL file firm-smoke_homework9 contains data from a survey on smoking behavior among employees in a large firm. Use the data provided, read the ac ...

Given the following values 20 m 16 07 conduct a

Given the following values: = 20, M = 16, = 0.7, conduct a one-sample z test at a .05 level of significance. What is the decision for a two-tailed test? A) to reject the null hypothesis B) to retain the null hypothesis C ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As