This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A real estate magazine reported the results of a regression analysis designed to predict the price ... (Read 71 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
on: Jan 16, 2020
A real estate magazine reported the results of a regression analysis designed to predict the price (y), measured in dollars, of residential properties recently sold in a northern Virginia subdivision. One independent variable used to predict sale price is GLA, gross living area (x), measured in square feet. Data for 157 properties were used to fit the model, E(y) = β0 + β1x. The results of the simple linear regression are provided below.
y = 96,600 + 22.5x   s = 6500   R2 = 0.77   t = 6.1 (for testing β1)
Interpret the value of the coefficient of determination, R2.
◦ There is a moderately strong positive correlation between sale price (y) and GLA (x).
◦ 77% of the total variation in the sample sale prices can be attributed to the linear relationship between GLA (x) and (y).
◦ GLA (x) is linearly related to sale price (y) 77% of the time.
◦ 77% of the observed sale prices (y's) will fall within 2 standard deviations of the least squares line.
Statistics: Informed Decisions Using Data ¦ Sullivan ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by natalie2426 on Jan 16, 2020

jasonq

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jan 16, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


natalie2426

  • Member
  • Posts: 524
Reply 2 on: Jan 16, 2020
Wow, this really help

LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Summary of greenhouse experimental design and results Summary of greenhouse experimental design and results
Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
Sample root cause analysis: Duplicate dose of a narcotic analgesic. Sample root cause analysis: Duplicate dose of a narcotic analgesic.
A compression gauge designed for the higher compression rate of a diesel engine should be used when ... A compression gauge designed for the higher compression rate of a diesel engine should be used when ...
Experimental Analysis of Metabolism Experimental Analysis of Metabolism
The results of reciprocal crosses between streptomycin-resistant and streptomycin-sensitive The results of reciprocal crosses between streptomycin-resistant and streptomycin-sensitive
Video: Five phases of cardiac cycle & Atrial contraction

For a complete list of videos, visit our video library