Question

SF = square feet of the house
PY: 0 = no pool, 1 = pool
BY: 0 = not made of bricks, 1 made of bricks
There are three neighborhoods N1, N2 and N3
y = house price

Regression Statistics

Multiple R	0.91
R Square	0.84
Adjusted R Square	0.83
Standard Error	20,949.15
Observations	301.00
ANOVA
	df	SS	MS	F	Significance F
Regression	4.00	667,427,645,418.08	166,856,911,354.52	380.20	0.00
Residual	296.00	129,904,621,849.66	438,866,965.71
Total	300.00	797,332,267,267.74
	Coefficients	Standard Error	t Stat	P-value
Intercept	28,988.78	6,408.55	4.52	0.00
SF	90.83	2.38	38.22	0.00
PY	14,254.45	2,445.07	5.83	0.00
N2	6,051.24	2,935.80	2.06	0.04
N3	12,600.61	2,923.76	4.31	0.00

A house with these x values would have an estimated sales price of


No decimal places, no commas


X's


SF = 2,600
Brick = Y
Pool = N
Nieghborhood = 2

Answer 1

The regression equation is given by:

Now, for, the regression equation becomes,{Since there is no pool and the house is in neighbourhood N1}

which is the estimate sales price of the house.

----------------------------

DEAR STUDENT,

IF YOU HAVE ANY QUERY ASK ME IN THE COMMENT BOX,I AM HERE TO HELPS YOU.PLEASE GIVE ME POSITIVE RATINGS

*****************THANK YOU***************