A real estate agent’s computer data listed the selling
Chapter 11, Problem 85E(choose chapter or problem)
Problem 85E
A real estate agent’s computer data listed the selling price Y (in thousands of dollars), the living area x1 (in hundreds of square feet), the number of floors x2, number of bedrooms x3, and number of bathrooms x4 for newly listed condominiums. The multiple regression model E(Y ) = β0 + β1 x1 + β2 x2 + β3 x3 + β4 x4 was fit to the data obtained by randomly selecting 15 condos currently on the market.
a If R2 = .942, is there sufficient evidence that at least one of the independent variables contributes significant information for the prediction of selling price?
b If Syy = 16382.2, what is SSE?
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