A national homebuilder builds single-family homes and condominium-style townhouses The accompanying dataset provides information on the selling price, lot cost, and type of home for closings during one month. Complete parts a through c Click the icon to view the house sales data a. Develop a multiple regression model for sales price as a function of lot cost and type of home without any interaction term Create a dummy variable named "Townhouse", where it is equal to 1 when Type = "Townhouse" and 0 otherwise. Determine the coefficients of the regression equation Sales Price = -Lot Cost • . Townhouse (Round the constant and coefficient of Townhouse to the nearest integer as needed. Round all other values to two decimal places as needed)
A national homebuilder builds single-family homes and condominium-style townhouses The accompanying dataset provides information on the selling price, lot cost, and type of home for closings during one month. Complete parts a through c Click the icon to view the house sales data a. Develop a multiple regression model for sales price as a function of lot cost and type of home without any interaction term Create a dummy variable named "Townhouse", where it is equal to 1 when Type = "Townhouse" and 0 otherwise. Determine the coefficients of the regression equation Sales Price = -Lot Cost • . Townhouse (Round the constant and coefficient of Townhouse to the nearest integer as needed. Round all other values to two decimal places as needed)
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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![Туре
Townhouse
Sales Price
Lot Cost
$112,740
$136,530
$147,905
$170,000
$181,916
$187,390
$189,120
$196,898
$203,076
$205,821
$214,205
$250,800
$255,000
$268,000
$268,500
$271,105
$277,720
$294,990
$301,500
$307,387
$312,898 $40,768
$319,602
$324,412 $62,523
$20,700
$25,500
$24,650
$25,200
$45,025
$27,000
$35,000
$45,025
$45,025
Single Family
Townhouse
Single Family
Townhouse
Townhouse
Single Family
Townhouse
Townhouse
Single Family
Single Family
Townhouse
$39,299
$36,500
$73.400
$43,198
$43,344
$41,099
$45,000
$44,650
$57,000
$59,000
$45,850
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
$82,250
S70,399
$49,150
$337 374
$337,380
$338,065 $54,850
$354,117 $56,219
$359,949
$432,426
$492,820
$50,591
$57,422
$84,122](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F12ad9125-cf91-45ab-8079-a8a3d183c967%2F07c3173c-419a-4b3d-a425-49f90ab681ee%2F31f7bln_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Туре
Townhouse
Sales Price
Lot Cost
$112,740
$136,530
$147,905
$170,000
$181,916
$187,390
$189,120
$196,898
$203,076
$205,821
$214,205
$250,800
$255,000
$268,000
$268,500
$271,105
$277,720
$294,990
$301,500
$307,387
$312,898 $40,768
$319,602
$324,412 $62,523
$20,700
$25,500
$24,650
$25,200
$45,025
$27,000
$35,000
$45,025
$45,025
Single Family
Townhouse
Single Family
Townhouse
Townhouse
Single Family
Townhouse
Townhouse
Single Family
Single Family
Townhouse
$39,299
$36,500
$73.400
$43,198
$43,344
$41,099
$45,000
$44,650
$57,000
$59,000
$45,850
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
Single Family
$82,250
S70,399
$49,150
$337 374
$337,380
$338,065 $54,850
$354,117 $56,219
$359,949
$432,426
$492,820
$50,591
$57,422
$84,122
![A national homebuilder builds single-family homes and condominium-style townhouses. The accompanying dataset provides information on the selling price, lot cost, and type of home for closings during one month. Complete parts a through c.
Click the icon to view the house sales data.
a. Develop a multiple regression model for sales price as a function of lot cost and type of home without any interaction term.
Create a dummy variable named "Townhouse", where it is equal to 1 when Type = "Townhouse" and 0 otherwise. Determine the coefficients of the regression equation.
Sales Price =
+• Lot Cost + () Townhouse
(Round the constant and coefficient of Townhouse to the nearest integer as needed. Round all other values to two decimal places as needed.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F12ad9125-cf91-45ab-8079-a8a3d183c967%2F07c3173c-419a-4b3d-a425-49f90ab681ee%2Fz9pfnns_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A national homebuilder builds single-family homes and condominium-style townhouses. The accompanying dataset provides information on the selling price, lot cost, and type of home for closings during one month. Complete parts a through c.
Click the icon to view the house sales data.
a. Develop a multiple regression model for sales price as a function of lot cost and type of home without any interaction term.
Create a dummy variable named "Townhouse", where it is equal to 1 when Type = "Townhouse" and 0 otherwise. Determine the coefficients of the regression equation.
Sales Price =
+• Lot Cost + () Townhouse
(Round the constant and coefficient of Townhouse to the nearest integer as needed. Round all other values to two decimal places as needed.)
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