The commercial division of a real estate firm is conducting a regression analysis of the relationship between x, annual gross rents (in thousands of dollars), and y, selling price (in thousands of dollars) for apartment buildings. Data were collected on several properties recently sold and the following computer output was obtained.Analysis of VarianceSOURCERegressionErrorTotalPredictorConstantXŷ =Regression EquationY=20.0 +7.21 X(c) What is the value ofDF178(a) How many apartment buildings were in the sample?(b) Write the estimated regression equation.Ho: Po = 0Ha: Po 0O Ho: B₁ 20Ha: B₁ <0Adj SS41587.3Coef SE Coef20.0003.22137.2101.3626O Ho: B₁ * 0H₂: B₁ = 051984.150₁²(d) Use the F statistic to test the significance of the relationship at a 0.05 level of significance.State the null and alternative hypotheses.Ho: Po = 0Ha: Bo=0T-Value6.215.29O Ho: B₁ = 0Ha: B₁ * 0Find the value of the test statistic. (Round your answer to two decimal places.)Find the p-value. (Round your answer to three decimal places.)p-value =State your conclusion.O Reject Ho. We conclude that the relationship between selling price (in thousands of dollars) and annual gross rents (in thousands of dollars) is significant.O Do not reject Ho. We conclude that the relationship between selling price (in thousands of dollars) and annual gross rents (in thousands of dollars) is significant.O Do not reject Ho. We cannot conclude that the relationship between selling price (in thousands of dollars) and annual gross rents (in thousands of dollars) is significant.O Reject Ho. We cannot conclude that the relationship between selling price (in thousands of dollars) and annual gross rents (in thousands of dollars) is significant.(e) Predict the selling price (in thousands of dollars) of an apartment building with gross annual rents of $60,000.$thousand

Here dependent variable Independent variable The partial ANOVA output and Regression equation is…

Answered: (a) How many apartment buildings were…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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4. A study was conducted to investigate the relationship between the size of a house (in square feet) and the selling price of a house (in dollars). The response variable is price in dollars, and we want to study if the covariate of the square footage helps explain the response. A random sample of 522 houses was used, and the linear regression output from R is below. price sqft, data = house) 1m (formula = Coefficients: Estimate Std. Error t value Pr(>|t|) (Intercept) -81432.946 11551.846 -7.049 5.74e-12 *** sqft 158.950 4.875 32.605 <2e-16 *** Residual standard error: 79120 on 520 degrees of freedom Multiple R-squared: 0.6715, Adjusted R-squared: 0.6709 a. Write out the estimated linear equation. What is the estimated expected selling price of a house that is 2000 square feet? b. Does the intercept have a useful interpretation in this study? Why or why not. c. Interpret the slope estimate in context of the model.
In the following case find the best predicted value of y given the following: x = 2.00, r = -0.123 (p-value = 0.62), y (bar)= 8.00, n = 30 and the equation of the regression line is: y (hat) = 7.00 - 2.00x
The table below gives the age and bone density for five randomly selected women. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting a woman's bone density based on her age. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Age 39 43 46 61 64 Bone Density 352 346 321 314 312 Table Step 1 of 6 : Find the estimated slope. Round your answer to three decimal places
When testing for bl in a regression model, the null hypothesis (2-tailed) is b1=0. Why? O Then the alternative hypothesis can be b0=1 This indicates that bl=b2 This indicates that bl=b0 A change in x does not result in a change in y
You run a regression analysis on a bivariate set of data (n=109). With x¯=72.2 and y¯=34.7, you obtain the regression equation y= - 0.898x - 42.514 with a correlation coefficient of r=-0.086. You want to predict what value (on average) for the response variable will be obtained from a value of 140 as the explanatory variable. What is the predicted response value? y =
You run a regression analysis on a bivariate set of data (n = 22). With ☎ = 22.3 and y = 58.5, you obtain the regression equation y = 0.842x + 37.664 with a correlation coefficient of r = 0.897. You want to predict what value (on average) for the response variable will be obtained from a value of 180 as the explanatory variable. What is the predicted response value? y = (Report answer accurate to one decimal place.)
A regression was run to determine if there is a relationship between the happiness index (y) and life expectancy in years of a given country (x). The results of the regression were: ý=a+bx a=-1.692 b=0.117 (a) Write the equation of the Least Squares Regression line of the form (b) Which is a possible value for the correlation coefficient, r? O -0.649 O 1.32 O 0.649 O-1.32 (c) If a country increases its life expectancy, the happiness index will O increase O decrease (d) If the life expectancy is increased by 2.5 years in a certain country, how much will the happiness index change? Round to two decimal places. (e) Use the regression line to predict the happiness index of a country with a life expectancy of 75 years. Round to two decimal places.
In a fisheries researchers experiment the correlation between the number of eggs in tge nest and the number of viable (surviving ) eggs for a sample of nests is r=0.67 the equation of the regression line for number of viable eggs y versus number of eggs in the nest x is y =0.72x + 17.07 for a nest with 140 eggs what is the predicted number of viable eggs ?
You run a regression analysis and obtain the regression equation y 3.176x +124.355 with a correlation coefficient of r = - 0.748. You want to predict what value (on average) for the response variable will be obtained from a value of x = 150 as the explanatory variable. What is the predicted response value? y = (Report answer accurate to one decimal place.)
3. Regression analysis breaks scores on the DV into... (explain and give equations)
Prev The table below gives the age and bone density for five randomly selected women. Using this data, consider the equation of the regression line, y = bo + b₁x, for predicting a woman's bone density based on her age. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, In practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Age Bone Density 61 62 68 69 40 357 350 343 340 315 Step 1 of 6: Find the estimated slope. Round your answer to three decimal places. Table Copy Data Next
randomly selected middle school students. Using this data, consider the equation of the regression line, yˆ=b0+b1x, for predicting the overall grade average for a middle school student based on the number of hours spent unsupervised each day. Keep in mind, the correlation coefficient may or may not be statistically significant for the data given. Remember, in practice, it would not be appropriate to use the regression line to make a prediction if the correlation coefficient is not statistically significant. Hours Unsupervised 1.5 2 3 3.5 4 4.5 5.5 Overall Grades 99 96 84 75 68 65 60 Table Step 1 of 6 : Find the estimated slope. Round your answer to three decimal places.

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