Data were collected from a random sample of 320 home sales from a community in 2003. Let Price denote the selling price (in $1,000), BDR denote the number of bedrooms, Bath denote thenumber of bathrooms, Hsize denote the size of the house (in square feet), Lsize denote the lot size (in square feet). Age denote the age of the house (in years), and Poor denote a binary variablethat is equal to 1 if the condition of the house is reported as "poor"An estimated regression yields:Price 126.4+0.5148DR 24.88ath+0.165Haize+0.002Lsize(25.3) (2:43)(9.48) (0.012)+0.095Age-51.7 Poor, R-0.76, SER-44.0(0.330) (11.1)The f-statistic for the coefficient on BDR is (Round your response to three decimal places.)Is the coefficient on BDR statistically significantly different from zero?OA. Since the f-statistic < 1.96, the coefficient on BDR is not statistically significantly different from zero.OB. Since the f-statistic > 0.05, the coefficient on BDR is not statistically significantly different from zero.OC. Since the f-statistic < 0.05, the coefficient on BDR is statistically significantly different from zero.D. Since the f-statistic > 1.96, the coefficient on BDR is statistically significantly different from zero(0.00051)

Answered: Data were collected from a random…

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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