A realty group would like to develop a regression model to help it set weekly rental rates (y) for beach properties during the summer season. The independent variables for this model are the number of bedrooms a property has (x,), its age in years (x2), and the number of blocks away from the ocean the property is (x3). Use the data provided to complete parts a through e below. E Click the icon to view the data for randomly selected rental properties. a) Construct a regression model using all three independent variables. ŷ = (D + (O×, + (O*2 + (Dx3 (Round the constant term to the nearest integer. Round the coefficients of x,, X2, and x3 to one decimal place as needed.)

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Data for rental properties
Rental ($) | Bedrooms
Age
Blocks O
875
2
12
1175
3
12
3
1500
7
1.5
1900
4
20
2
2300
12
2.5
3200
10
1.5
5000
5
1.5
2250
5
3
1.5
2700
3
4
2.5
3000
4
2.5
4000
4
11
1
5000
3
6500
5
11
1
8000
13
1
1300
2
15
3
2000
4
9.
2.5
2800
4
6.
2
3400
4
6.
1
4000
4
10
1.5
4500
12
2
5400
14
8000
13
1.5
12,000
4
0.5
Transcribed Image Text:Data for rental properties Rental ($) | Bedrooms Age Blocks O 875 2 12 1175 3 12 3 1500 7 1.5 1900 4 20 2 2300 12 2.5 3200 10 1.5 5000 5 1.5 2250 5 3 1.5 2700 3 4 2.5 3000 4 2.5 4000 4 11 1 5000 3 6500 5 11 1 8000 13 1 1300 2 15 3 2000 4 9. 2.5 2800 4 6. 2 3400 4 6. 1 4000 4 10 1.5 4500 12 2 5400 14 8000 13 1.5 12,000 4 0.5
A realty group would like to develop a regression model to help it set weekly rental rates (y) for beach properties during the summer season. The independent variables for this model are the number of bedrooms a property has (x1), its age in
years (x2), and the number of blocks away from the ocean the property is (x3). Use the data provided to complete parts a through e below.
Click the icon to view the data for randomly selected rental properties.
a) Construct a regression model using all three independent variables.
OX1 + (OX2 + (O X3
y =
(Round the constant term to the nearest integer. Round the coefficients of x1, X2, and x3 to one decimal place as needed.)
Transcribed Image Text:A realty group would like to develop a regression model to help it set weekly rental rates (y) for beach properties during the summer season. The independent variables for this model are the number of bedrooms a property has (x1), its age in years (x2), and the number of blocks away from the ocean the property is (x3). Use the data provided to complete parts a through e below. Click the icon to view the data for randomly selected rental properties. a) Construct a regression model using all three independent variables. OX1 + (OX2 + (O X3 y = (Round the constant term to the nearest integer. Round the coefficients of x1, X2, and x3 to one decimal place as needed.)
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