Suppose the price of a house in thousands of kwachas (y) depends on the size of the house in thousands of square meters (x1) and the area of the yard in thousands of square meters (x2). The data are shown in the accompanying table. PRICE (y) SIZE OF HOUSE (x₁) AREA OF YARD (x₂) 50 3.4 1.2 55 2.3 5.3 35 5.3 3.4 68 3.9 7.8 59 4.1 5.8 65 2.6 5.0 86 4.9 4.0 a) Estimate the multiple regression equation relating price to the size of the house and the area of the yard. b) Calculate the coefficient of determination of this regression model.
Suppose the price of a house in thousands of kwachas (y) depends on the size of the house in thousands of square meters (x1) and the area of the yard in thousands of square meters (x2). The data are shown in the accompanying table. PRICE (y) SIZE OF HOUSE (x₁) AREA OF YARD (x₂) 50 3.4 1.2 55 2.3 5.3 35 5.3 3.4 68 3.9 7.8 59 4.1 5.8 65 2.6 5.0 86 4.9 4.0 a) Estimate the multiple regression equation relating price to the size of the house and the area of the yard. b) Calculate the coefficient of determination of this regression model.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Question
![Suppose the price of a house in thousands of kwachas (y) depends on the size of the house in
thousands of square meters (x1) and the area of the yard in thousands of square meters (x2). The
data are shown in the accompanying table.
PRICE (y)
SIZE OF HOUSE (x₁)
AREA OF YARD (x₂)
50
3.4
1.2
55
2.3
5.3
35
5.3
3.4
68
3.9
7.8
59
4.1
5.8
65
2.6
5.0
86
4.9
4.0
a) Estimate the multiple regression equation relating price to the size of the house and the area of
the yard.
b) Calculate the coefficient of determination of this regression model.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7220d617-e3c9-44e2-9c48-aaa8b7b2c196%2F1742f0e3-cf84-4bc1-ac2d-705406dbd0ae%2Fr3fsz47_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose the price of a house in thousands of kwachas (y) depends on the size of the house in
thousands of square meters (x1) and the area of the yard in thousands of square meters (x2). The
data are shown in the accompanying table.
PRICE (y)
SIZE OF HOUSE (x₁)
AREA OF YARD (x₂)
50
3.4
1.2
55
2.3
5.3
35
5.3
3.4
68
3.9
7.8
59
4.1
5.8
65
2.6
5.0
86
4.9
4.0
a) Estimate the multiple regression equation relating price to the size of the house and the area of
the yard.
b) Calculate the coefficient of determination of this regression model.
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