Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 14 - Review - Case Study - Housing Boom - Page 734: h

Answer

$predicted~selling~price=133,300.8~dollars$

Work Step by Step

$ŷ =29.1+222.4x_1−58.5x_2+0.2038x_4$ For the given house we have, $x_1=0.18$, $x_2=3$, $x_3=1$, $x_4=1176$, $x_5=47$, $x_6=6$: $ŷ=29.1+222.4\times0.18−58.5\times3+0.2038\times1176=133.3008$
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