The following data was collected to explore how the number of square feet in a house, the number of bedrooms, and the age of the house affect the selling price of the house. The dependent variable is the selling price of the house, the first independent variable (x1) is the square footage, the second independent variable (x2) is the number of bedrooms, and the third independent variable (x3) is the age of the house. Effects on Selling Price of Houses Square Feet Number of Bedrooms Age Selling Price 2750 5 14 296600 2696 5 11 294400 2523 4 7 281400 2057 4 7 240600 1797 4 5 208600 1767 4 5 196400 1684 4 4 171900 1554 3 4 162800 1521 3 3 144900 Step 1 of 2: Find the p-value for the regression equation that fits the given data. Round your answer to four decimal places. Copy Data
The following data was collected to explore how the number of square feet in a house, the number of bedrooms, and the age of the house affect the selling price of the house. The dependent variable is the selling price of the house, the first independent variable (x1) is the square footage, the second independent variable (x2) is the number of bedrooms, and the third independent variable (x3) is the age of the house. Effects on Selling Price of Houses Square Feet Number of Bedrooms Age Selling Price 2750 5 14 296600 2696 5 11 294400 2523 4 7 281400 2057 4 7 240600 1797 4 5 208600 1767 4 5 196400 1684 4 4 171900 1554 3 4 162800 1521 3 3 144900 Step 1 of 2: Find the p-value for the regression equation that fits the given data. Round your answer to four decimal places. Copy Data
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter1: Introducing The Economic Way Of Thinking
Section1.A: Applying Graphs To Economics
Problem 2SQ
Related questions
Question
![The following data was collected to explore how the number of square feet in a house, the number of bedrooms, and the age of the house affect the selling price of the
house. The dependent variable is the selling price of the house, the first independent variable (x1) is the square footage, the second independent variable (x2) is the
number of bedrooms, and the third independent variable (x3) is the age of the house.
Effects on Selling Price of Houses
Square Feet Number of Bedrooms Age Selling Price
2750
5
14
296600
2696
5
11
294400
2523
4
7
281400
2057
4
7
240600
1797
4
5
208600
1767
4
5
196400
1684
4
4
171900
1554
3
4
162800
1521
3
3
144900
Step 1 of 2: Find the p-value for the regression equation that fits the given data. Round your answer to four decimal places.
Copy Data](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb5c9e71a-2152-46c3-8ddc-78ecbd167355%2F548cf482-5fe3-4413-b99c-36b71b5f8dd7%2Fgsjv16j_processed.png&w=3840&q=75)
Transcribed Image Text:The following data was collected to explore how the number of square feet in a house, the number of bedrooms, and the age of the house affect the selling price of the
house. The dependent variable is the selling price of the house, the first independent variable (x1) is the square footage, the second independent variable (x2) is the
number of bedrooms, and the third independent variable (x3) is the age of the house.
Effects on Selling Price of Houses
Square Feet Number of Bedrooms Age Selling Price
2750
5
14
296600
2696
5
11
294400
2523
4
7
281400
2057
4
7
240600
1797
4
5
208600
1767
4
5
196400
1684
4
4
171900
1554
3
4
162800
1521
3
3
144900
Step 1 of 2: Find the p-value for the regression equation that fits the given data. Round your answer to four decimal places.
Copy Data
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