Loan $ 85,600 115,300 103,100 84,600 97,600 104,400 113,800 116,400 100,000 92,800 105,200 105,900 94,700 105,600 104, 100 85,700 113,600 119,400 90,600 104,500 Monthly Payments $ 985.87 902.56 736.28 945.45 821.07 983.27 1075.54 1087.16 900.01 683.11 915.24 905.67 810.70 891.33 864.38 1074.73 871.61 1021.23 836.46 1056.37 Payments Made 1 33 6 9 24 26 19 35 33 36 34 38 25 20 7 30 24 58 3 22 Auction Price $16,900 75,800 43,900 16,600 40,700 63,100 72,600 72,300 58,100 37,100 52,600 51,900 43,200 52,600 42,700 22,200 77,000 69,000 35,600 63,000 Add a new variable that describes the potential interaction b test of hypothesis to check if the interaction is significant.
Loan $ 85,600 115,300 103,100 84,600 97,600 104,400 113,800 116,400 100,000 92,800 105,200 105,900 94,700 105,600 104, 100 85,700 113,600 119,400 90,600 104,500 Monthly Payments $ 985.87 902.56 736.28 945.45 821.07 983.27 1075.54 1087.16 900.01 683.11 915.24 905.67 810.70 891.33 864.38 1074.73 871.61 1021.23 836.46 1056.37 Payments Made 1 33 6 9 24 26 19 35 33 36 34 38 25 20 7 30 24 58 3 22 Auction Price $16,900 75,800 43,900 16,600 40,700 63,100 72,600 72,300 58,100 37,100 52,600 51,900 43,200 52,600 42,700 22,200 77,000 69,000 35,600 63,000 Add a new variable that describes the potential interaction b test of hypothesis to check if the interaction is significant.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
100%
Determine the regression equation. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.)
Complete the following table. (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.)
Compute the t-value corresponding to the interaction term. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.)
Transcribed Image Text:Complete the following table. (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be
indicated by a minus sign. Round your answers to 3 decimal places.)
Predictor
Constant
Loan
Monthly Payment
Payments Made
X1X3
Coefficient
t-value
SE Coefficient
p-value
0.000
Compute the t-value corresponding to the interaction term. (Negative amount should be indicated by a minus sign. Round your
answer to 2 decimal places.)
Transcribed Image Text:You are a new hire at Laurel Woods Real Estate, which specializes in selling foreclosed homes via public auction. Your boss has asked
you to use the following data (mortgage balance, monthly payments, payments made before default, and final auction price) on a
random sample of recent sales to estimate what the actual auction price will be.
Loan
$ 85,600
115,300
103,100
84,600
97,600
104,400
113,800
116,400
100,000
92,800
105,200
105,900
94,700
105,600
104, 100
85,700
113,600
119,400
90,600
104,500
Monthly
Payments
$ 985.87
902.56
736.28
945.45
821.07
983.27
1075.54
1087.16
900.01
683.11
915.24
905.67
810.70
891.33
864.38
1074.73
871.61
1021.23
836.46
1056.37
Payments
Made
Auction Price =
1
33
6
9
24
26
19
35
33
36
W w w w w INN
+
34
38
∞ fa
N N
25
20
UW OOONO
PN W
7
30
24
58
3
22
Click here for the Excel Data File
Auction
Price
Add a new variable that describes the potential interaction between the loan amount and the number of payments made. Then do a
test of hypothesis to check if the interaction is significant.
$16,900
75,800
43,900
16,600
40,700
63,100
72,600
72,300
58,100
37,100
52,600
51,900
43,200
52,600
42,700
22, 200
77,000
69,000
35,600
63,000
Determine the regression equation. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal
places.)
Loan +
Monthly Payment +
Payments Made +
X1X3
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