0000T48.08582 17. Consid er the regression output in Table 2. What is the percen

Question

0000T48.08582 17. Consid er the regression output in Table 2. What is the percentage of variation in home value that can be explained by the variation in home size (in square feet)? (a)65.4673254% (b) 66.4673254% (c) 79.7607905% (d) 66.1251553% 18. Consider the regression output in Table 2. What is the predicted or estimated home value for a when home size (in square feet) is 1000 square feet? (a) 81042.0777971 (b) 40990.8686881 (c) 44631.887698 (d) 22785.7736385 (e) 15503.7356187 19. Consider the regression output in Table 2. Suppose you want to test the hypothesis that home size (in square feet) is worth S100 per unit, i.e. H0 : 1 = 100, what is the test statistic for this hypothesis? (a) 13.937441 (b) -5.2020375 (c) 5.2020375 12

Explanation / Answer

Q 17

The percentage of variation is home value that can be explained by the variation in home size is Coefficient of determination , ie.

R2 = 66.4673254%

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