4) Identification of Intercept (B0), Slope of Regression Line (B1), and the P Value and an Analysis of their Meanings A1 Page 144234 Selling5 Price840007900091500678910111213141550001680001516 17250017174000175000181917750020184000211955002219500023120000127500132500145000164000BCProblem #4-22Bedrooms2233333343433 4343DAge(Years)30253040183019710T33TONOM110210EFGHSUMMARY OUTPUTJRegression StatisticsMultiple R 0.889328R Square 0.790904Adjusted F 0.761034Standard E 18457.67Observatic17ANOVARegressionResidualTotaldfKLMNSSMSFgnificance F2 1.8E+10 9.02E+09 26.47752 1.75E-0514 4.77E+09 3.41E+0816 2.28E+10OPOCoefficientsandard Err t Stat P-value Lower 95% Jpper 95%ower 95.0%pper 95.0%Intercept 110098.2 30511.12 3.608463 0.00285 44658.39 175538.1 44658.39 175538.1Bedrooms 21205.58 8725.374 2.430334 0.029124 2491.511 39919.64 2491.511 39919.64(Years) -1963.64 401.2537 -4.89377 0.000237 -2824.25 -1103.04 -2824.25 -1103.04

A regression model is a statistical tool used to analyze the relationship between a dependent…

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Business

Economics

Identification of Intercept (B0), Slope of Regression Line (B1), and the P Value and an Analysis of their Meanings

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

4) Identification of Intercept (B0), Slope of Regression Line (B1), and the P Value and an Analysis of their Meanings

A
1 Page 144
2
3
4 Selling
5 Price
84000
79000
91500
6
7
8
9
10
11
12
13
14
155000
168000
15
16 172500
17
174000
175000
18
19
177500
20
184000
21
195500
22
195000
23
120000
127500
132500
145000
164000
B
C
Problem #4-22
Bedrooms
2
2
3
3
3
3
3
3
4
3433 4343
D
Age
(Years)
30
25
30
40
18
30
19
7
10
T33TONOM
1
1
0
2
10
E
F
G
H
SUMMARY OUTPUT
J
Regression Statistics
Multiple R 0.889328
R Square 0.790904
Adjusted F 0.761034
Standard E 18457.67
Observatic
17
ANOVA
Regression
Residual
Total
df
K
L
M
N
SS
MS
F
gnificance F
2 1.8E+10 9.02E+09 26.47752 1.75E-05
14 4.77E+09 3.41E+08
16 2.28E+10
O
P
O
Coefficientsandard Err t Stat P-value Lower 95% Jpper 95%ower 95.0%pper 95.0%
Intercept 110098.2 30511.12 3.608463 0.00285 44658.39 175538.1 44658.39 175538.1
Bedrooms 21205.58 8725.374 2.430334 0.029124 2491.511 39919.64 2491.511 39919.64
(Years) -1963.64 401.2537 -4.89377 0.000237 -2824.25 -1103.04 -2824.25 -1103.04

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