Bluereef real estate agent wants to form a relationship between the prices of houses, how many bedrooms, House size in sq ft, and Lot Size in sq ft. The data pertaining to 100 houses were processed using MINITAB and the following is an extract of the output obtained: Write out the regression equation.Fill in the missing values, *, **, and ***.Use the p-value approach to determine if the minuscule is significant at the 5% significance level.Is y significantly different from -0.5?Perform the F test at the 1% level, making sure to state the null and alternative hypotheses.Give an interpretation of the term "R-sq" and comment on its value. mo outputThe regression equation is Price = B + Bedroom +yHouse Size + ALot SizePredictorCoefSE CoefT.PConstant37718141772.66**Bedrooms230669940.330.742House Size74.352.980.164Lot Size- 4.3617.02-0.26 0.798S= 25023R-Sq=56.0%R-Sq (adj)=54.6%SourceDFSSMSF*******Regression7650171834725500572782Residual9660109046053626135896 ErrorTotal99

The independent variables are Bedroom, House Size and Lot Size. The dependent variable is Price.…

Answered: Bluereef real estate agent wants to…

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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Bluereef real estate agent wants to form a relationship between the prices of houses, how many bedrooms, House size in sq ft, and Lot Size in sq ft. The data pertaining to 100 houses were processed using MINITAB and the following is an extract of the output obtained:

Write out the regression equation.
Fill in the missing values, *, **, and ***.
Use the p-value approach to determine if the minuscule is significant at the 5% significance level.
Is y significantly different from -0.5?
Perform the F test at the 1% level, making sure to state the null and alternative hypotheses.
Give an interpretation of the term "R-sq" and comment on its value.