Quiz: Chapter 25 Quiz This Quiz: 3 pts pos of 3 (o complete) Information for a r
ID: 3216614 • Letter: Q
Question
Quiz: Chapter 25 Quiz This Quiz: 3 pts pos of 3 (o complete) Information for a random sample of homes for sale in a certain region was obtained from he Internet Regression output modeling the Asking Proe with square Footage and number of Bathrooms gave the folowing resut Complete parts a 0 Cick the icon to view the regression output. al te regression equation Choose the comed answer below. 15.208+ 135 06Baths 9148sqft Price BSAB2 40,918Baths .425esan How much ofthe vanaton in home asking prices is accounted for by the model? Type an integer er decimal rounded to one dedma place as needed.) e)Explaninconted what the corncient of square Footage means. asking price on average, by about per square foot. d) The owner of a saysthat when he adds another bathroom. Rincreases the value sit true that the number of bathrooms isunrelated to house price as indoated by the model? (Hint Do bigger heuses have more bathrooms? Select althat apply. DA This objection shows that the model must be income et ofte same size those with more bathrooms are not prioed signncaney higher. This modelshould not be usedfor pedicting the change in price bathroom is added, Do snoe the model says isprob by associated wie the size of the house, sothe number of bathrooms is not a soniscant predictor proe. number of athrooms ansignroant this must of be true. Click to select your arswertsgExplanation / Answer
a)
A) Price=-151208+9148(Baths)+135.05(sqft)
b)
69.4%
c)
Asking price of homes goes up by 135.05 for every increase of 1 unit in sqft, all other things remaining constant.
d)
A) This objection shows that the model must be incorrect.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.