A researcher identified a random sample of 20 apartments near Bayan Lepas Commercial Area. The dataset of the apartment price (in RM 1000) and the distance (km) to the commercial area is collected. The parameter estimation output is: * ALL CALCULATIONS MUST BE MADE IN THREE DECIMAL PLACES Standard Error t Stat Coefficients p-value Intercept 215.810 10.714 20.143 8.52x10-14 X Variable 1 -10.203 3.900 -2.616 0.017511 Calculate: For an apartment with a distance to commercial area is 3 km, the apartment price is predicted to be -- The residual at point (120, 3) is _.

A researcher identified a random sample of 20 apartments near Bayan Lepas Commercial Area. The dataset of the apartment price (in RM 1000) and the distance (km) to the commercial area is collected. The parameter estimation output is: * ALL CALCULATIONS MUST BE MADE IN THREE DECIMAL PLACES Standard Error t Stat Coefficients p-value Intercept 215.810 10.714 20.143 8.52x10-14 X Variable 1 -10.203 3.900 -2.616 0.017511 Calculate: For an apartment with a distance to commercial area is 3 km, the apartment price is predicted to be -- The residual at point (120, 3) is _.

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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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

A researcher identified a random sample of 20 apartments near Bayan
Lepas Commercial Area. The dataset of the apartment price (in RM 1000)
and the distance (km) to the commercial area is collected. The parameter
estimation output is: *
ALL CALCULATIONS MUST BE MADE IN THREE DECIMAL PLACES
Standard
Error
t Stat
Coefficients
p-value
Intercept
215.810
10.714
20.143
8.52x10-14
X Variable 1
-10.203
3.900
-2.616
0.017511
Calculate:
For an apartment with a distance to commercial area is 3 km, the apartment price is
predicted to be_.
The residual at point (120, 3) is,
Your answer

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