1. According to these regression results, the average weekly rental for a proper
ID: 3125535 • Letter: 1
Question
1. According to these regression results, the average weekly rental for a property that is 2,000 square feet is ________.
$1,598 $1750 $1219 $1473
2. The percentage of the variation in weekly rental that is explained by the square footage of the property is ________.
47.38 52.58 15.99 22.45
$1,598 $1750 $1219 $1473
2. The percentage of the variation in weekly rental that is explained by the square footage of the property is ________.
47.38 52.58 15.99 22.45
Explanation / Answer
1.
As
Rental = 817.0948 + 0.3280*Squarefeet
As Squarefeet = 2000, then
Rental = 817.0948 + 0.3280*2000 = 1473 [ANSWER, D]
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2.
This is asking for the r^2 value, so
OPTION D: 22.45% [ANSWER]
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