Part of the ANOVA summary table for using land area (X,) and age of a house (X,) to predict fair market value is shown to the right. The results also state that SSR(X,) = 156,738.3 and SSR (X2) = 306, 121.8. Complete parts (a) and (b) below. Sum of of Freedom Squares 422,061.6 Degrees Source Regression Error 27 29 181,929.2 603.990 8 Total C a. At the 0.05 level of significance, determine whether each independent variable makes a significant contribution to the regression model. On the basis of these results, indicate the most appropriate regression model for this set of data. Write the hypotheses for the contribution of the variable land area. Ho: The variable land area does not significantly improve the model after the variable age of a house has been included. significantly improves the model after the variable age of a house has been included. H: The variable land area Calculate the test statistic. FSTAT = (Round to two decimal places as needed.)
Part of the ANOVA summary table for using land area (X,) and age of a house (X,) to predict fair market value is shown to the right. The results also state that SSR(X,) = 156,738.3 and SSR (X2) = 306, 121.8. Complete parts (a) and (b) below. Sum of of Freedom Squares 422,061.6 Degrees Source Regression Error 27 29 181,929.2 603.990 8 Total C a. At the 0.05 level of significance, determine whether each independent variable makes a significant contribution to the regression model. On the basis of these results, indicate the most appropriate regression model for this set of data. Write the hypotheses for the contribution of the variable land area. Ho: The variable land area does not significantly improve the model after the variable age of a house has been included. significantly improves the model after the variable age of a house has been included. H: The variable land area Calculate the test statistic. FSTAT = (Round to two decimal places as needed.)
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
Please calculate the test statistic
fstat=
![Part of the ANOVA summary table for using land area (X,) and age of a house (X,) to predict fair market value is shown to the right. The results also state that SSR(X,) = 156,738.3 and
SSR (X2) = 306, 121.8. Complete parts (a) and (b) below.
Sum of
of Freedom Squares
422,061.6
Degrees
Source
Regression
Error
27
181,929.2
603,990.8
Total
29
a. At the 0.05 level of significance, determine whether each independent variable makes a significant contribution to the regression model. On the basis of these results, indicate the most appropriate regression model for this set of data.
Write the hypotheses for the contribution of the variable land area
Ho: The variable
land area
does not significantly improve the model after the variable age of a house has been included.
H,: The variable
significantly improves the model after the variable age of a house has been included.
land area
Calculate the test statistic.
FSTAT = (Round to two decimal places as needed.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4face5cd-9945-4486-9997-75d61face8c6%2F66eb3acf-9d23-43f1-8b10-7dbeaa720546%2Feprk1nm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Part of the ANOVA summary table for using land area (X,) and age of a house (X,) to predict fair market value is shown to the right. The results also state that SSR(X,) = 156,738.3 and
SSR (X2) = 306, 121.8. Complete parts (a) and (b) below.
Sum of
of Freedom Squares
422,061.6
Degrees
Source
Regression
Error
27
181,929.2
603,990.8
Total
29
a. At the 0.05 level of significance, determine whether each independent variable makes a significant contribution to the regression model. On the basis of these results, indicate the most appropriate regression model for this set of data.
Write the hypotheses for the contribution of the variable land area
Ho: The variable
land area
does not significantly improve the model after the variable age of a house has been included.
H,: The variable
significantly improves the model after the variable age of a house has been included.
land area
Calculate the test statistic.
FSTAT = (Round to two decimal places as needed.)
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![Elementary Statistics: Picturing the World (7th E…](https://www.bartleby.com/isbn_cover_images/9780134683416/9780134683416_smallCoverImage.gif)
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
![The Basic Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319042578/9781319042578_smallCoverImage.gif)
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
![Introduction to the Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319013387/9781319013387_smallCoverImage.gif)
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman