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…

Answered: Identification of Intercept (B0), Slope…

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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4) identify of intercept (B0), slope of regression line (B1) , and the p value and analysis of their meanings
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