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: The regression equation is ????? = ? + ???????? + ?????? ???? + ???? ???? Predictor             Coef            SE Coef            T          P Constant             37718          14177           2.66        ** Bedrooms            2306            6994            0.33      0.742 House Size           74.3            52.98            *           0.164 Lot Size              -4.36            17.02          -0.26       0.798 S= 25023                      R-Sq=56.0%           R-Sq(adj)=54.6% Source                DF            SS                        MS                    F                P Regression          3            76501718347  25500572782        ***            **** Residual  Error                   96           60109046053      626135896 Total 99 i.Write out the regression equation.  ii. Fill in the missing values *, **, *** and ****.  iii. Use the p-value approach to determine if ? is significant at the 5% significance level.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 6PPS
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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:

The regression equation is ????? = ? + ???????? + ?????? ???? + ???? ????
Predictor             Coef            SE Coef            T          P
Constant             37718          14177           2.66        **
Bedrooms            2306            6994            0.33      0.742

House Size           74.3            52.98            *           0.164
Lot Size              -4.36            17.02          -0.26       0.798

S= 25023                      R-Sq=56.0%           R-Sq(adj)=54.6%

Source                DF            SS                        MS                    F                P
Regression          3            76501718347  25500572782        ***            ****
Residual 
Error                   96           60109046053      626135896

Total 99

i.Write out the regression equation. 
ii. Fill in the missing values *, **, *** and ****. 
iii. Use the p-value approach to determine if ? is significant at the 5% significance level.

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