(d) From this output box, you should be able to find the linear regression equat
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Question
(d) From this output box, you should be able to find the linear regression equation. In the next line you will see the regression equation. Fill in the values for the intercept and the appropriate slopes. Round to three decimals. SOLD = + *YEARS + *EDUCATION (e) Note that the p-value for EDUCATION (0.553) is not significant, so we would be very careful about using this linear regression model to make predictions. But, based on this model, if a realtor is in business for 10 years and has 12 years of education, how many houses is she predicted to sell? Round your answer to the nearest whole number.Explanation / Answer
A.d) Form the table,
constant=9.742
coefficient of business years=0.766
coefficient of education=-0.700
hence the regression equation is given as
SOLD=9.742+0.766*YEARS-0.700*EDUCATION
A.e) Given,
business years=10
education years=12
houses predicted to be sold?
sold=9.742+0.766*10-0.700*12
sold=9.002 or 9 houses
she is predicted to sell 9 houses
A.d) Form the table,
constant=9.742
coefficient of business years=0.766
coefficient of education=-0.700
hence the regression equation is given as
SOLD=9.742+0.766*YEARS-0.700*EDUCATION
A.e) Given,
business years=10
education years=12
houses predicted to be sold?
sold=9.742+0.766*10-0.700*12
sold=9.002 or 9 houses
she is predicted to sell 9 houses
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