Statistics: Informed Decisions Using Data (4th Edition)

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

Chapter 14 - Section 14.3 - Assess Your Understanding - Applying the Concepts - Page 724: 29b

Answer

$ŷ=25.6+0.0719x_1-0.8x_2+55.3x_3$

Work Step by Step

In MINITAB, ent\sqrt xer the Square Footage values in C1, the Bedrooms values in C2, the Baths values in C3 and the Asking Price values in C4. Select Stats -> Regression -> Regression -> Fit Regression Model Enter C4 in "Responses" and C1 C2 C3 in "Continuous Predictors" The least-squares regression line will be shown in "Regression Equation", where C4 is $ŷ$ (Asking Price), C1 is $x_1$ (Square Footage), C2 is $x_2$ (Bedrooms) and C3 is $x_3$ (Baths). $ŷ=25.6+0.0719x_1-0.8x_2+55.3x_3$
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.