Consider the following ANOVA table for a multiple regression model relating housing prices (in thousands of dollars) to the number of bedrooms in the house and the size of the lot on which the house was built (in square feet). There were 90 total observations. Estimated Price = 24,838.74 + 2339.88 (Bedrooms) + 0.2685 (Lot Size) ANOVA df SS MS F Regression 2 382,993.4921 Residual 87 627,839.9910 Significance F 191,496.7461 26.5358 1.0066E-09 7216.5516 Total 89 1,010,833.4831 Compute the adjusted coefficient of determination for this regression model. Round your answer to four decimal places.
Consider the following ANOVA table for a multiple regression model relating housing prices (in thousands of dollars) to the number of bedrooms in the house and the size of the lot on which the house was built (in square feet). There were 90 total observations. Estimated Price = 24,838.74 + 2339.88 (Bedrooms) + 0.2685 (Lot Size) ANOVA df SS MS F Regression 2 382,993.4921 Residual 87 627,839.9910 Significance F 191,496.7461 26.5358 1.0066E-09 7216.5516 Total 89 1,010,833.4831 Compute the adjusted coefficient of determination for this regression model. Round your answer to four decimal places.
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter4: Estimating Demand
Section: Chapter Questions
Problem 3E
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Question
![Consider the following ANOVA table for a multiple regression model relating housing prices (in thousands of dollars) to the number of bedrooms in the house and the
size of the lot on which the house was built (in square feet). There were 90 total observations.
Estimated Price = 24,838.74 + 2339.88 (Bedrooms) + 0.2685 (Lot Size)
ANOVA
df
SS
MS
F
Regression 2 382,993.4921
Residual 87 627,839.9910
Significance F
191,496.7461 26.5358 1.0066E-09
7216.5516
Total
89 1,010,833.4831
Compute the adjusted coefficient of determination for this regression model. Round your answer to four decimal places.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb5c9e71a-2152-46c3-8ddc-78ecbd167355%2F88c9d9f4-c51d-4523-a4a0-8808b4934912%2Fwnz354e_processed.png&w=3840&q=75)
Transcribed Image Text:Consider the following ANOVA table for a multiple regression model relating housing prices (in thousands of dollars) to the number of bedrooms in the house and the
size of the lot on which the house was built (in square feet). There were 90 total observations.
Estimated Price = 24,838.74 + 2339.88 (Bedrooms) + 0.2685 (Lot Size)
ANOVA
df
SS
MS
F
Regression 2 382,993.4921
Residual 87 627,839.9910
Significance F
191,496.7461 26.5358 1.0066E-09
7216.5516
Total
89 1,010,833.4831
Compute the adjusted coefficient of determination for this regression model. Round your answer to four decimal places.
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