29The regression model estimates that _____ fraction of the variation in the price of the residential properties is explained by the size of the properties. a0.1571 b0.1745 c0.1939 d0.2155 Questions 27-30 are basedon the following regression summary outputYou are assisting the county assessor (whose job is to assess the value of properties for property tax purposes) indetermining a model where the price of a single-family residential property in a given neighborhood can be predictedbased on the size of the property (square feet). You obtain a sample of residential properties. You run a regression andobtain the following regression output from Microsoft Excel.y = PRICEx = SQFTSquare feetRegression StatisticsMultiple R0.4404R SquareAdjusted R Square0.1931Standard ErrorObservations1000ANOVAdfSSMSFSignificance FRegression1.586664.2240.081.1E-48Residual998 2438732.6Total9993025397CoefficientsStd Errort StatP-valueLower 95% Upper 95%Intercept126.304211.158711.31890.0000104.4069148.2014SOFT0.06761.1E-48

It is given that Multiple R = 0.4404

Answered: The regression model estimates that…

MATLAB: An Introduction with Applications

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29	The regression model estimates that _____ fraction of the variation in the price of the residential properties is explained by the size of the properties.

a	0.1571
b	0.1745
c	0.1939
d	0.2155