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
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Chapter1: Starting With Matlab
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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
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: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.
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
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
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