The commercial division of a real estate firm is conducting a regression analysis of the relationship between I, annual gross rents (in thousands of dollars), and 9, selling price (in thousands of dollars) for apartment buildings. Data were collected on s properties recently sold and the folowing computer output was obtained. ANOVA ar MS Significance F Regression 41587.6 Residual Total 51984.7 Coefficients Standard Error I Stat P-value Intercept 20.000 3.2213 6.21 Apnual Gross 7.240 1.3621 5.29 Rents a. How many apartment buildings were in the sample? b. Write the éstimated regression equation (to 2 decimals if necessary) c. Use the t statistic to test the significance of the relationship at a 0.05 ilevel of significance. What is the p-value? Use Table 2 of Appendix B. Pvalue is-select your answer What is your condusion? Sclect your answer d. Use the P stalistic to test the significance of the relationship at a 0.05 level uf significance Compute the F test statistic (to 2 decimals).
The commercial division of a real estate firm is conducting a regression analysis of the relationship between I, annual gross rents (in thousands of dollars), and 9, selling price (in thousands of dollars) for apartment buildings. Data were collected on s properties recently sold and the folowing computer output was obtained. ANOVA ar MS Significance F Regression 41587.6 Residual Total 51984.7 Coefficients Standard Error I Stat P-value Intercept 20.000 3.2213 6.21 Apnual Gross 7.240 1.3621 5.29 Rents a. How many apartment buildings were in the sample? b. Write the éstimated regression equation (to 2 decimals if necessary) c. Use the t statistic to test the significance of the relationship at a 0.05 ilevel of significance. What is the p-value? Use Table 2 of Appendix B. Pvalue is-select your answer What is your condusion? Sclect your answer d. Use the P stalistic to test the significance of the relationship at a 0.05 level uf significance Compute the F test statistic (to 2 decimals).
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
![The commercial division of a real estate firm is conducting a regression analysis of the relationship between I, annual gross rents (in thousands of dollars), and y, selling price (in thousands of dollars) for apartment buildings. Data were collected on several
properties recently sold and the following computer output was obtained.
ANOVA
MS
Significance F
Regression
1
41587.6
Residual
Total
51984.7
Coefficients
Standard Error
t Stat
P-value
Intercept
20.000
3.2213
6.21
Apnual Gros
7.240
1.3621
5.29
Rents
a. How many apartment buildings were in the sample?
b. Write the éstimated regression equation (to 2 decimals if necessary).
c. Use the t statistic to test the significance of the relationship at a 0.05 level of significance.
What is the p-value? Use Table 2 of Appendix D.
P-value is-Sclect your answer -
What is your condusion?
- Select your answer -
d. Use the F statistic to test the significance of the relalionship at a 0.06 level uf significanct.
Compute the F test slatistic (to 2 decimals).
What is the p-value? Use Tae 4 of Appendix B.
Pvalue is-Select your answer V
What is your Londlusion?
Select your answer
e. Predict the selling prie of an apartinent building with pruss antiual rtas of $50,000 (o 1 decimal)
thousatds](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F48f61607-1271-4af4-9723-0aa4c09539e2%2Fda67caaa-49b3-4d92-8a52-e504073a4ef0%2F7x4f6m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The commercial division of a real estate firm is conducting a regression analysis of the relationship between I, annual gross rents (in thousands of dollars), and y, selling price (in thousands of dollars) for apartment buildings. Data were collected on several
properties recently sold and the following computer output was obtained.
ANOVA
MS
Significance F
Regression
1
41587.6
Residual
Total
51984.7
Coefficients
Standard Error
t Stat
P-value
Intercept
20.000
3.2213
6.21
Apnual Gros
7.240
1.3621
5.29
Rents
a. How many apartment buildings were in the sample?
b. Write the éstimated regression equation (to 2 decimals if necessary).
c. Use the t statistic to test the significance of the relationship at a 0.05 level of significance.
What is the p-value? Use Table 2 of Appendix D.
P-value is-Sclect your answer -
What is your condusion?
- Select your answer -
d. Use the F statistic to test the significance of the relalionship at a 0.06 level uf significanct.
Compute the F test slatistic (to 2 decimals).
What is the p-value? Use Tae 4 of Appendix B.
Pvalue is-Select your answer V
What is your Londlusion?
Select your answer
e. Predict the selling prie of an apartinent building with pruss antiual rtas of $50,000 (o 1 decimal)
thousatds
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