Question

Assessed Value Exhibit to be used with questions 60 through 64 (see next page as well)....

Assessed Value Exhibit to be used with questions 60 through 64 (see next page as well).

Consider a model for predicting the assessed value from a sample of 15 houses based on the size of the house in thousands of square feet and whether or not the house has a fireplace.

Assessed Value Analysis

Regression Statistics

Multiple R

0.900587177

R Square

0.811057264

Adjusted R Square

0.779566808

Standard Error

2.262595954

Observations

15

ANOVA

df

SS

MS

F

Significance F

Regression

2

263.7039146

131.8519573

25.75565321

4.54968E-05

Residual

12

61.4320854

5.11934045

Total

14

325.136

Coefficients

Standard Error

t Stat

P-value

Lower 95%

Upper 95%

Intercept

50.09048899

4.351657945

11.5106678

7.67943E-08

40.60904084

59.57193714

Size

16.18583395

2.574441705

6.28712389

4.02437E-05

10.57660734

21.79506056

Fireplace

3.852982483

1.241222689

3.10418309

0.009118854

1.148590566

6.5573744

In a test of the null hypothesis that β2 = 0, if α = .01 you would?

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