estion Completion Status:AMoving to another question will save this responsestion 36A real estate agent collected information on the rents of 50 apartments (in $1000) as well as their Sq. footage (in thousands of sq ft), number of bedrooms, building ageS within 5-mınute walk to public transport, 0 otherwise) You are given below the Excel ouput of the multiple regression model.Regression StatisticsMultiple R0.85R Square0.72Adjusted R Square0.68Standard Error0.25Observations50CoefficientsStandard ErrorStat0 820.184.56Intercept0.232.65061Sq footage0.113.09034bedrooms3.7-2.57.0 0095Buiding age0.151870 28LocationYola Software Ca. servations50CoefficientsStandard ErrorStat0820.18mercept4.56footage0610.232.650.340.113.09bedrooms-0 00953.7-2.57Building age0.280.151.87Locationa Write an equation that can be used to predict the rent of an apartment.b According to this model, the rent of an apartment is expected to be how many dollars higher /lower if it is withun 5 minutes of public transport, everything else being equale lf an apartment has a surface of 2000 sq. ft., 3 bedrooms, is in a 20 year old building within 5 minutes walk of public transport, what is the estimated rent"d. Provide a 95% confidence interval for the rent estimate in part c.e. Determine if the building age is a significant variable ((Yes/No)3 (12pt)v T-E -ETTT AnalYoG Software Ca.

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Coefficients Standard Error Stat ercept 0 82 0.18 4.56 footage 061 0.23 2.65 0.34 0.11 3.09 bedrooms -0.0095 3.7 -2.57 uilding age 0.28 0.15 1.87 ocation Write an equation that can be used to predict the rent of an apartment. According to this model, the rent of an apartment is expected to be how many dollars higher /lower if it is within 5 minutes of publjc transport, everything else beung ngua e If an apartment has a surface of 2000 sq. ft., 3 bedrooms, is in a 20 year old building within 5 minutes walk of public transport, what is the estimanted rent"

Coefficients Standard Error Stat ercept 0 82 0.18 4.56 footage 061 0.23 2.65 0.34 0.11 3.09 bedrooms -0.0095 3.7 -2.57 uilding age 0.28 0.15 1.87 ocation Write an equation that can be used to predict the rent of an apartment. According to this model, the rent of an apartment is expected to be how many dollars higher /lower if it is within 5 minutes of publjc transport, everything else beung ngua e If an apartment has a surface of 2000 sq. ft., 3 bedrooms, is in a 20 year old building within 5 minutes walk of public transport, what is the estimanted rent"

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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Concept explainers

Correlation

Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.

Linear Correlation

A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.

Regression Analysis

Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.

Question

servations
50
Coefficients
Standard Error
Stat
082
0.18
mercept
4.56
footage
061
0.23
2.65
0.34
0.11
3.09
bedrooms
-0 0095
3.7
-2.57
Building age
0.28
0.15
1.87
Location
a Write an equation that can be used to predict the rent of an apartment.
b According to this model, the rent of an apartment is expected to be how many dollars higher /lower if it is withun 5 minutes of public transport, everything else being equal
e lf an apartment has a surface of 2000 sq. ft., 3 bedrooms, is in a 20 year old building within 5 minutes walk of public transport, what is the estimated rent"
d. Provide a 95% confidence interval for the rent estimate in part c.
e. Determine if the building age is a significant variable ((Yes/No)
3 (12pt)
v T-E -E
TTT Anal
YoG Software Ca.

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