The linear regression results below are based on commercial properties that real estate agencies use to guide clients with quantitative information helpful to make rental decisions. A random sample of 27 properties are considered with data for the variables, age of the property (X1), operating expenses and taxes (X2), vacancy rates (X3), total square footage (X4), and rental rates (Y). Parameter Estimator

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The linear regression results below are based on commercial properties that real estate
agencies use to guide clients with quantitative information helpful to make rental decisions. A
random sample of 27 properties are considered with data for the variables, age of the property
(X1), operating expenses and taxes (X2), vacancy rates (X3), total square footage (X4), and
rental rates (Y).
Parameter Estimates
Coefficients Standard Error
Intercept
AGE(X1)
EXPENSE(X2)
VACRATE(X3)
SOFOOT(X4)
14.33223914
1.457614894
-0.115608327
0.031632885
0.100364547
0.14274746
0.631648649
2.043860082
0.063765767
0.024929829
What is the upper limit of the 95% confidence interval estimate for the effect of a square
footage increase on the mean rental rates of properties?
Transcribed Image Text:The linear regression results below are based on commercial properties that real estate agencies use to guide clients with quantitative information helpful to make rental decisions. A random sample of 27 properties are considered with data for the variables, age of the property (X1), operating expenses and taxes (X2), vacancy rates (X3), total square footage (X4), and rental rates (Y). Parameter Estimates Coefficients Standard Error Intercept AGE(X1) EXPENSE(X2) VACRATE(X3) SOFOOT(X4) 14.33223914 1.457614894 -0.115608327 0.031632885 0.100364547 0.14274746 0.631648649 2.043860082 0.063765767 0.024929829 What is the upper limit of the 95% confidence interval estimate for the effect of a square footage increase on the mean rental rates of properties?
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