A researcher is interested in predicting the number of homessold from years in business as a real estate agent and their level of education. Use the realestate.xlsx data to respond to the following:
A researcher is interested in predicting the number of homessold from years in business as a real estate agent and their level of education. Use the realestate.xlsx data to respond to the following:
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
100%
A researcher is interested in predicting the number of homessold from years in business as a real estate agent and their level of education. Use the realestate.xlsx data to respond to the following:
what type of regression analysis would you conduct, simple linear regression or multiple linear regression? Why?
I WAS GIVEN AN ANSWER SEE PICTURE FOR THE ANSWER I WAS GIVEN.
i would like it explained though

Transcribed Image Text:NumHomesSold
Yrs Busine:Educ level
8
10
11
7
12
12
15
11
3
12
17
18
11
4
12
13
5
11
16
16
12
4
3
11
8
7
12
6
6.
11
3
6.
12
14
13
11
15
15
12
4
6.
11
6
12
4
6
11
11
12
12
12
14
11
15
21
12
3.
3.

Transcribed Image Text:Call:
Im(formula
= NumHomes Sold
Yrs_Busine + Educ_level)
Residuals:
Min
1Q Median
30
Max
-2.9409 -1.7652 -0.6413
1.4680 7.1255
Coefficients:
Estimate Std. Error t value Pr(>|t|)
(Intercept)
9.7425
13.3464
0.730
0.475
Yrs_Busine
0.7664
0.1086
7.059 1.92e-06 ***
Educ_level
-0.7000
1.1559 -0.606
0.553
Signif. codes: 0 '***' 0.001 '**
' 0.01 '*' 0.05 '.' 0.1' ' 1
Residual standard error: 2.585 on 17 degrees of freedom
Multiple R-squared: 0.747,
Adjusted R-squared:
0.7173
F-statistic: 25.1 on 2 and 17 DF, p-value: 8.436e-06
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 5 steps

Recommended textbooks for you

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON

The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman

Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman