A regression analysis is performed using data for 20 single-family homes to predict appraised value (in thousands of dollars) based on land area of the property (in acres), X1j, and age (in years), X2, in month i. Use the results below to complete parts (a) and (b) below. Standard Coefficient 408.67339 t Statistic 8.86 Variable Error 46.11298 p-value 0.0000 Intercept Area, X1 Age, X2 453.91472 112.50506 4.03 0.0009 - 2.37108 0.77636 - 3.05 0.0072 Find the test statistic. tSTAT = - 3.05 (Round to two decimal places as needed.) Determine the p-value. p-value =O (Round to four decimal places as needed.)
A regression analysis is performed using data for 20 single-family homes to predict appraised value (in thousands of dollars) based on land area of the property (in acres), X1j, and age (in years), X2, in month i. Use the results below to complete parts (a) and (b) below. Standard Coefficient 408.67339 t Statistic 8.86 Variable Error 46.11298 p-value 0.0000 Intercept Area, X1 Age, X2 453.91472 112.50506 4.03 0.0009 - 2.37108 0.77636 - 3.05 0.0072 Find the test statistic. tSTAT = - 3.05 (Round to two decimal places as needed.) Determine the p-value. p-value =O (Round to four 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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Please see attached, can you please show me the correct method to find the p-value. Please show you work so I may understand how to this this for future reference.
Thank you
Transcribed Image Text:A regression analysis is performed using data for 20 single-family homes to predict appraised value (in thousands of dollars) based on land area of the property (in
acres), X4j, and age (in years), X2j, in month i. Use the results below to complete parts (a) and (b) below.
Standard
Error
46.11298
t Statistic
8.86
p-value
0.0000
Variable
Coefficient
Intercept
Area, X,
408.67339
453.91472
112.50506
4.03
0.0009
Age, X2
- 2.37108
0.77636
- 3.05
0.0072
Find the test statistic.
tSTAT = - 3.05
(Round to two decimal places as needed.)
Determine the p-value.
p-value =
(Round to four decimal places as needed.)
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