Question

Use the following information to answer the question(s) below. A home appraisal company would like to...

Use the following information to answer the question(s) below.

A home appraisal company would like to develop a regression model that would predict the selling price of a house based on the age of the house in years (Age), the living area of the house in square feet (Living Area) and the number of bedrooms (Bedrooms). The following Excel output shows the partially completed regression output from a random sample of homes that have recently sold.

Every additional year in the age of the house will _________.

increase the average selling price by $102

decrease the average selling price by $581

increase the average selling price by $2,092

decrease the average selling price by $109

Homework Answers

Answer #1

decrease the average selling price by $581

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