Housing Prices GaloreYou are interested in examining the determinants of housing prices. You get thefollowing estimated regression results:priceCoef.crime-66.34801rooms5409.401proptax -56.43813lowstat-499.5402_Cons-2592.909Std. Err.35.94711441.663419.256649.188143195.554Where price is in dollars, rooms are the number of bedrooms, proptax is the propertytax per 1000, Iowstat is the percentage of people of supposedly "lower" status. Thesum of squared residuals for this model is 15219 and the sum of squared totals is42826. There are 2000 total observations in the data.Answer the following questions. Round to 2 decimal places and include a negativesign if necessary.A. Is crime a statistically significant determinant of housing prices at the 95%confidence level? Answer "YES" or "NO"B. Is the number of bedrooms a statistically significant determinant of housing pricesat the 95% confidence level? Answer "YES" or "NO"C. Is the amount of property tax charged a statistically significant determinant ofhousing prices at the 95% level? Answer "YES" or "NO"D. Is the amount of "low status" people nearby a statistically significant determinant ofhousing prices at the 95% level? Answer "YES" or "NO"E. Calculate adjusted. Be careful, this is rbar. Round to 2 decimal places. Keepyour answer in decimal form, NOT percentage form.

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Housing Prices Galore You are interested in examining the determinants of housing prices. You get the following estimated regression results: price crime rooms proptax lowstat _cons Coef. -66.34801 5409.401 -56.43813 -499.5402 -2592.909 Std. Err. 35.94711 441.6634 19.2566 49.18814 3195.554 Where price is in dollars, rooms are the number of bedrooms, proptax is the property tax per 1000, lowstat is the percentage of people of supposedly "lower" status. The sum of squared residuals for this model is 15219 and the sum of squared totals is 42826. There are 2000 total observations in the data. Answer the following questions. Round to 2 decimal places and include a negative

Housing Prices Galore You are interested in examining the determinants of housing prices. You get the following estimated regression results: price crime rooms proptax lowstat _cons Coef. -66.34801 5409.401 -56.43813 -499.5402 -2592.909 Std. Err. 35.94711 441.6634 19.2566 49.18814 3195.554 Where price is in dollars, rooms are the number of bedrooms, proptax is the property tax per 1000, lowstat is the percentage of people of supposedly "lower" status. The sum of squared residuals for this model is 15219 and the sum of squared totals is 42826. There are 2000 total observations in the data. Answer the following questions. Round to 2 decimal places and include a negative

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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Question

Housing Prices Galore
You are interested in examining the determinants of housing prices. You get the
following estimated regression results:
price
Coef.
crime
-66.34801
rooms
5409.401
proptax -56.43813
lowstat
-499.5402
_Cons
-2592.909
Std. Err.
35.94711
441.6634
19.2566
49.18814
3195.554
Where price is in dollars, rooms are the number of bedrooms, proptax is the property
tax per 1000, Iowstat is the percentage of people of supposedly "lower" status. The
sum of squared residuals for this model is 15219 and the sum of squared totals is
42826. There are 2000 total observations in the data.
Answer the following questions. Round to 2 decimal places and include a negative
sign if necessary.
A. Is crime a statistically significant determinant of housing prices at the 95%
confidence level? Answer "YES" or "NO"
B. Is the number of bedrooms a statistically significant determinant of housing prices
at the 95% confidence level? Answer "YES" or "NO"
C. Is the amount of property tax charged a statistically significant determinant of
housing prices at the 95% level? Answer "YES" or "NO"
D. Is the amount of "low status" people nearby a statistically significant determinant of
housing prices at the 95% level? Answer "YES" or "NO"
E. Calculate adjusted. Be careful, this is rbar. Round to 2 decimal places. Keep
your answer in decimal form, NOT percentage form.

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