) State the multiple regression equation. (b) Interpret the meaning of the slopes b1 and b2 for this problem. (c) Interpret the meaning of Y-intercept b0 for this problem. (d) Predict the average market value of a home with house age equal to 30 years and house size equal to 1600 square feet assuming that these numbers are within the data range. (e) Determine the coefficient of multiple determination and interpret its meaning. (f) Determine the adjusted and interpret its meaning.
Following are the regression results for a database of home market values in a locality with market value of the house (in dollars) as the dependent variable y and the age of the house (in years) and the size of the house (in square feet) as the two independent x variables.
(a) State the multiple regression equation.
(b) Interpret the meaning of the slopes b1 and b2 for this problem.
(c) Interpret the meaning of Y-intercept b0 for this problem.
(d) Predict the average market value of a home with house age equal to 30 years and house size equal to 1600 square feet assuming that these numbers are within the data
(e) Determine the coefficient of multiple determination and interpret its meaning.
(f) Determine the adjusted and interpret its meaning.
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