Gen Combo Ll Statistical Techniques In Business And Economics; Connect Ac
17th Edition
ISBN: 9781260149623
Author: Lind
Publisher: MCG
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Chapter 14, Problem 32CE
To determine
Perform a test of hypothesis to check if the interaction is significant by adding a new variable that describes the potential interaction between the loan amount and the number of payments made.
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You are a new hire at Laurel Woods Real Estate, which specializes in selling foreclosed homes via public auction. Your boss has asked you to use the following data (mortgage balance, monthly payments, payments made before default, and final auction price) on a random sample of recent sales to estimate what the actual auction price will be.
Loan ($)
Payments ($)
Payments Made
Auction ($)
85600
985.87
1
16900
115300
902.56
33
75800
103100
736.28
6
43900
84600
945.45
9
16600
97600
821.07
24
40700
104400
983.27
26
63100
113800
1075.54
19
72600
116400
1087.16
35
72300
100000
900.01
33
58100
92800
683.11
36
37100
105200
915.24
34
52600
105900
905.67
38
51900
94700
810.7
25
43200
105600
891.33
20
52600
104100
864.38
7
42700
85700
1074.73
30
22200
113600
871.61
24
77000
119400
1021.23
58
69000
90600
836.46
3
35600
104500
1056.37
22
63000
GIVEN - ALL CORRECT:
Auction price =(118,929.46)+1.63 Loan +2.06 Monthly payment +50.34 Payments Made.…
You are a new hire at Laurel Woods Real Estate, which specializes in selling foreclosed homes via public auction. Your boss has asked you to use the following data (mortgage balance, monthly payments, payments made before default, and final auction price) on a random sample of recent sales to estimate what the actual auction price will be.
Loan ($)
Payments ($)
Payments Made
Auction ($)
85600
985.87
1
16900
115300
902.56
33
75800
103100
736.28
6
43900
84600
945.45
9
16600
97600
821.07
24
40700
104400
983.27
26
63100
113800
1075.54
19
72600
116400
1087.16
35
72300
100000
900.01
33
58100
92800
683.11
36
37100
105200
915.24
34
52600
105900
905.67
38
51900
94700
810.7
25
43200
105600
891.33
20
52600
104100
864.38
7
42700
85700
1074.73
30
22200
113600
871.61
24
77000
119400
1021.23
58
69000
90600
836.46
3
35600
104500
1056.37
22
63000
GIVEN - ALL CORRECT:
Auction price =(118,929.46)+1.63 Loan +2.06 Monthly payment +50.34 Payments Made.…
Chapter 14 Solutions
Gen Combo Ll Statistical Techniques In Business And Economics; Connect Ac
Ch. 14 - There are many restaurants in northeastern South...Ch. 14 - The director of marketing at Reeves Wholesale...Ch. 14 - Thompson Photo Works purchased several new, highly...Ch. 14 - A consulting group was hired by the Human...Ch. 14 - Cellulon, a manufacturer of home insulation, wants...Ch. 14 - Refer to Self-Review 141 on the subject of...Ch. 14 - Prob. 5ECh. 14 - Prob. 6ECh. 14 - Prob. 3SRCh. 14 - Given the following regression output, answer the...
Ch. 14 - The following regression output was obtained from...Ch. 14 - A study by the American Realtors Association...Ch. 14 - The manager of High Point Sofa and Chair, a large...Ch. 14 - Prob. 10ECh. 14 - Prob. 11ECh. 14 - A real estate developer wishes to study the...Ch. 14 - Prob. 13CECh. 14 - Prob. 14CECh. 14 - Prob. 15CECh. 14 - Prob. 16CECh. 14 - The district manager of Jasons, a large discount...Ch. 14 - Suppose that the sales manager of a large...Ch. 14 - The administrator of a new paralegal program at...Ch. 14 - Prob. 20CECh. 14 - Prob. 21CECh. 14 - A regional planner is studying the demographics of...Ch. 14 - Great Plains Distributors, Inc. sells roofing and...Ch. 14 - Prob. 24CECh. 14 - Prob. 25CECh. 14 - Prob. 26CECh. 14 - An investment advisor is studying the relationship...Ch. 14 - Prob. 28CECh. 14 - Prob. 29CECh. 14 - The director of special events for Sun City...Ch. 14 - Prob. 31CECh. 14 - Prob. 32CECh. 14 - Prob. 33DACh. 14 - Prob. 34DACh. 14 - Prob. 35DACh. 14 - Prob. 1PCh. 14 - Quick-print firms in a large downtown business...Ch. 14 - The following ANOVA output is given. a. Compute...Ch. 14 - Prob. 1CCh. 14 - Prob. 2CCh. 14 - Prob. 3CCh. 14 - In a scatter diagram, the dependent variable is...Ch. 14 - What level of measurement is required to compute...Ch. 14 - If there is no correlation between two variables,...Ch. 14 - Which of the following values indicates the...Ch. 14 - Under what conditions will the coefficient of...Ch. 14 - Given the following regression equation, = 7 ...Ch. 14 - Given the following regression equation, = 7 ...Ch. 14 - Given the following regression equation, = 7 ...Ch. 14 - Prob. 1.9PTCh. 14 - In a multiple regression equation, what is the...Ch. 14 - Prob. 1.11PTCh. 14 - Prob. 1.12PTCh. 14 - For a dummy variable, such as gender, how many...Ch. 14 - What is the term given to a table that shows all...Ch. 14 - If there is a linear relationship between the...Ch. 14 - Given the following regression analysis output: a....Ch. 14 - Given the following regression analysis output. a....
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