Statistics Problems - 10

6/6/2019 Assignment Print View

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5. Award: 0.20 points    

A regression analysis relating the current market value in dollars to the size in square feet of homes in Greene County, Tennessee, follows. The regression equation is: Value = –37,186 + 65.0 Size.

Predictor Coef SE Coef T P Constant −37186 4629 −8.03 0.000 Size 64.993 3.047 21.33 0.000

Analysis of Variance Source DF SS MS F P Regression 1 13548662082 13548662082 454.98 0.000 Residual Error 33 982687392 29778406 Total 34 14531349474

b. Compute the standard error of estimate. (Round your answer to nearest whole number.)

Standard error of estimate

References

Worksheet Learning Objective: 13-02 Calculate a correlation coefficient to test and interpret the relationship between two variables.

Learning Objective: 13-04 Evaluate the significance of the slope of the regression equation.

Difficulty: 2 Intermediate

Learning Objective: 13-03 Apply regression analysis to estimate the linear relationship between two variables.

Learning Objective: 13-05 Evaluate a regression equations ability to predict using the standard estimate of the error and the coefficient of determination.