Business, 07.05.2021 01:00 theirishgold42

The following data was collected to explore how the number of square feet in a house, the number of bedrooms, and the age of the house affect the selling price of the house. The dependent variable is the selling price of the house, the first independent variable (x1x1) is the square footage, the second independent variable (x2x2) is the number of bedrooms, and the third independent variable (x3x3) is the age of the house. Square Feet Number of Bedrooms Age Selling Price
27502750 55 1414 296600296600
26962696 55 1111 294400294400
25232523 44 77 281400281400
20572057 44 77 240600240600
17971797 44 55 208600208600
17671767 44 55 196400196400
16841684 44 44 171900171900
15541554 33 44 162800162800
15211521 33 33 144900144900

Required:
Determine if a statistically significant linear relationship exists between the independent and dependent variables at the 0.01 level of significance.

Answers: 3

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The following data was collected to explore how the number of square feet in a house, the number of...