The information below represents the relationship between the selling price (Y, in $1000) of a home, the square footage of the home (), and the number of bedrooms in the home (). The data represents 65 homes sold in a particular area of a city and was analyzed using simple linear regression for each independent variable. Summary measures Multiple R0.8148 R-Square0.6640 StErr of Estimate8.5572 Regression coefficients CoefficientStd Errt-valuep-valueConstant52.1577.47846.97440.0000Square Footage4.6460.416411.15750.0000Summary measures Multiple R0.6487 R-Square0.4208 StErr of Estimate11.2344 Regression coefficients CoefficientStd Errt-valuep-valueConstant100.6285.232419.23160.0000Number of Bedrooms3.0351.63106.76600.0000Looking at the regression results above, which of the two variables, the square footage or the number of bedrooms, is the relationship with home selling price stronger? Group of answer choicesSquare footagenumber of bedrooms

Here Given Summary output for the relationship between Home selling price with the square footage…

Answered: Looking at the regression results…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

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The information below represents the relationship between the selling price (Y, in $1000) of a home, the square footage of the home (), and the number of bedrooms in the home (). The data represents 65 homes sold in a particular area of a city and was analyzed using simple linear regression for each independent variable.

Summary measures
Multiple R	0.8148
R-Square	0.6640
StErr of Estimate	8.5572
Regression coefficients
	Coefficient	Std Err	t-value	p-value
Constant	52.157	7.4784	6.9744	0.0000
Square Footage	4.646	0.4164	11.1575	0.0000

Summary measures
Multiple R	0.6487
R-Square	0.4208
StErr of Estimate	11.2344

Regression coefficients
	Coefficient	Std Err	t-value	p-value
Constant	100.628	5.2324	19.2316	0.0000
Number of Bedrooms	3.035	1.6310	6.7660	0.0000

Looking at the regression results above, which of the two variables, the square footage or the number of bedrooms, is the relationship with home selling price stronger?

Group of answer choices

Square footage

number of bedrooms

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