Complete the following table. (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) Predictor Constant Loan Monthly Payment Payments Made XqXz t-value Coefficient SE Coefficient Compute the value corresponding to the interaction term. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.) This is p-value Do a test of the null hypothesis to check if the interaction is significant. (Use the 0.05 significance level) so we conclude that there is

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Author:Amos Gilat
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H11.

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Complete the following table. (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be
indicated by a minus sign. Round your answers to 3 decimal places.)
Predictor
Constant
Loan
Monthly Payment
Payments Made
X1X3
E-value
Coefficient.
SE Coefficient
Compute the I-value corresponding to the interaction term. (Negative amount should be indicated by a minus sign. Round your
answer to 2 decimal places.)
A
This is
p-value
Do a test of the null hypothesis to check if the interaction is significant. (Use the 0.05 significance level)
so we conclude that there is
Transcribed Image Text:Complete the following table. (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) Predictor Constant Loan Monthly Payment Payments Made X1X3 E-value Coefficient. SE Coefficient Compute the I-value corresponding to the interaction term. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.) A This is p-value Do a test of the null hypothesis to check if the interaction is significant. (Use the 0.05 significance level) so we conclude that there is
You are a new hire at Laurel Woods Real Estate, which specializes in selling foreclosed homes via public auction. Your boss has asked
you to use the following data (mortgage balance, monthly payments, payments made before default, and final auction price) on a
random sample of recent sales to estimate what the actual auction price will be.
Loan
$ 85,603
112,811
110,169
107,693
97,600
104,400
113,000
116,400
100,000
92,500
105,200
105,000
94,700
105,600
104,100
85,700
113,600
119,400
90,600
104,500
Monthly
Payments
$1,075.55
Auction Price
974.97
739.20
811.84
908.16
983.27
1,075.54
1,087.16
900.01
683.11
915.24
905.67
810.70
891.33
864,38
1,074.73
871.61
1,021.23
836.46
1,056.37
Payments
Made
1
38
11
10
24
13
22
35
33
36
34
38
25
20
7
30
24
5-8
3
22
Auction Price
$71,175
63,950
45,650
16,600
40,700
63,100
72,600
72,300
58,100
37,100
52,600
51,900
43,200
52,600
42,700
22,200
77,000
69,000
35,600
63,000
Add a new variable that describes the potential interaction between the loan amount and the number of payments made. Then do a
test of hypothesis to check if the interaction is significant.
Click here for the Excel Data File
Determine the regression equation (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal
places.)
Loan
Monthly Payment
Payments Made
X1X
Transcribed Image Text:You are a new hire at Laurel Woods Real Estate, which specializes in selling foreclosed homes via public auction. Your boss has asked you to use the following data (mortgage balance, monthly payments, payments made before default, and final auction price) on a random sample of recent sales to estimate what the actual auction price will be. Loan $ 85,603 112,811 110,169 107,693 97,600 104,400 113,000 116,400 100,000 92,500 105,200 105,000 94,700 105,600 104,100 85,700 113,600 119,400 90,600 104,500 Monthly Payments $1,075.55 Auction Price 974.97 739.20 811.84 908.16 983.27 1,075.54 1,087.16 900.01 683.11 915.24 905.67 810.70 891.33 864,38 1,074.73 871.61 1,021.23 836.46 1,056.37 Payments Made 1 38 11 10 24 13 22 35 33 36 34 38 25 20 7 30 24 5-8 3 22 Auction Price $71,175 63,950 45,650 16,600 40,700 63,100 72,600 72,300 58,100 37,100 52,600 51,900 43,200 52,600 42,700 22,200 77,000 69,000 35,600 63,000 Add a new variable that describes the potential interaction between the loan amount and the number of payments made. Then do a test of hypothesis to check if the interaction is significant. Click here for the Excel Data File Determine the regression equation (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.) Loan Monthly Payment Payments Made X1X
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