question archive A multiple linear regression model based on a sample of 30 homes is developed to predict appraised property value based on land area of the property and? age, in years
A multiple linear regression model based on a sample of 30 homes is developed to predict appraised property value based on land area of the property and? age, in years
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A multiple linear regression model based on a sample of 30 homes is developed to predict appraised property value based on land area of the property and? age, in years. The SSR is 13,705 and the SSE is 85,221.
Hypotheses to test are as follows:
H0: B1 = B2 =0
H1: At least one Bj not equal 0, j=1,2
a. What is the test statistic and the P value?
b. Compute the coefficient of multiple determination r2 and interpret its meaning
The coefficient of multiple determination indicates that ___% of the variation in ____ can be explained by the variation in ____
Compute the adjusted r2 (round to four decimal places as needed)
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