Mathematics, 29.10.2021 21:20 ayoismeisalex
Seventy homes that were for sale in Gainesville, Florida in Spring of 2019 were randomly selected. A regression model to predict house price (in thousands) was run based on first-floor square footage and the indicator variable for NorthWest (1 if the house was in the NW, 0 if not).
Term Estimate Std. Error
Intercept -92.27 51.04
NorthWest -67.62 29.87
firstfloorsquarefootage 0.216 0.013
Required:
Find the predicted house price in thousands for a house with 1,559 square feet on the first floor and in the NW.
Answers: 1
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Seventy homes that were for sale in Gainesville, Florida in Spring of 2019 were randomly selected. A...
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