What is the The following results were obtained from a regression of n = 14 housing prices (in dollars) on median family income, size of house, and size of lot:
Percentage
A percentage is a number indicated as a fraction of 100. It is a dimensionless number often expressed using the symbol %.
Algebraic Expressions
In mathematics, an algebraic expression consists of constant(s), variable(s), and mathematical operators. It is made up of terms.
Numbers
Numbers are some measures used for counting. They can be compared one with another to know its position in the number line and determine which one is greater or lesser than the other.
Subtraction
Before we begin to understand the subtraction of algebraic expressions, we need to list out a few things that form the basis of algebra.
Addition
Before we begin to understand the addition of algebraic expressions, we need to list out a few things that form the basis of algebra.
Please answer D and H
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7 The following results were obtained from a regression of n = 14 housing prices (in
dollars) on median family income, size of house, and size of lot:
%3D
Mean
Sum of
df
square
squares
4234
Regression SS:
Residual SS:
3487
Total SS:
Coefficient (b)
Standard error(sb)
VIF
Median family
1.57
0.34
1.3
income
Size of house (sq. ft)
23.4
11.2
2.9
Size of lot (sq. ft)
-9.5
7.1
11.3
Constant
40,000
1000
(a) Fill in the blanks.
(b) What is the value of 2?
(c) What is the standard error of the estimate?
(d) Test the null hypothesis that R = 0 by comparing the F-statistic from the table
with its critical value.
(e) Are the coefficients in the direction you would hypothesize?
If not, which coefficients are opposite in sign from what you would expect?
(f) Find the t-statistics associated with each coefficient, and test the null
hypotheses that the coefficients are equal to zero. Use a = 0.05, and be sure
to give the critical value of t.
(g) What do you conclude from the variance inflation factors (VIFS)? What (if any)
modifications would you recommend in light of the VIFS?
(h) What is the predicted sales price of a house that is 1500 square feet, on a
lot 60'x100', and in a neighborhood where the median family income is
$40,000?
F.
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