For the house sales data in Table 9.4, Table 9.12 shows a regression analysis relating selling price to number of bedrooms. What is the linear relationship between selling price and number of bedrooms? Variable price bedrooms Sum of Source DF Squares Model 1 1.575534E+11 Error 98 8.575962E+11 Total 99 1.01515E+12 Variable Intercept bedrooms O positive W O negative TABLE 9.12 N Mean 155331 100 100 3.000 Root MSE 93547 O no relationship Parameter Estimate -28412 61248 Std Dev 101262.2 0.651339 Mean Square 1.575534E+11 8750981211 R-Square 0.1552 Standard Error 44303 14435 t -0.64 4.24 Sig. 0.5228 <.0001

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For the house sales data in Table 9.4, Table 9.12 shows a regression analysis relating selling price to number of bedrooms.
What is the linear relationship between selling price and number of bedrooms?
Variable
price
bedrooms
Sum of
Source DF
Squares
Model
1.575534E+11
1
Error 98 8.575962E+11
Total 99 1.01515E+12
Variable
Intercept
bedrooms
O positive
4
O negative
N
Mean
100 155331
100 3.000
O no relationship
TABLE 9.12
Root MSE 93547 R-Square 0.1552
Parameter
Estimate
-28412
61248
Std Dev
101262.2
0.651339
Mean
Square
1.575534E+11
8750981211
Standard
Error
44303
14435
t
-0.64
4.24
Sig.
0.5228
<.0001
Transcribed Image Text:For the house sales data in Table 9.4, Table 9.12 shows a regression analysis relating selling price to number of bedrooms. What is the linear relationship between selling price and number of bedrooms? Variable price bedrooms Sum of Source DF Squares Model 1.575534E+11 1 Error 98 8.575962E+11 Total 99 1.01515E+12 Variable Intercept bedrooms O positive 4 O negative N Mean 100 155331 100 3.000 O no relationship TABLE 9.12 Root MSE 93547 R-Square 0.1552 Parameter Estimate -28412 61248 Std Dev 101262.2 0.651339 Mean Square 1.575534E+11 8750981211 Standard Error 44303 14435 t -0.64 4.24 Sig. 0.5228 <.0001
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