Step by Step Solutions

[All Steps] A multiple regression equation for the list price of homes in a certain community in the USA is Y'=170,000-850X_1+28,000X_2, where X_1 represents

Question: A multiple regression equation for the list price of homes in a certain community in the USA is \[{Y}'=170,000-850{{X}_{1}}+28,000{{X}_{2}}\] , where \[{{X}_{1}}\] represents age in years and \[{{X}_{2}}\] represents number of rooms.

If a prospective buyer is interested in an older, well-constructed home about 55 years old with 10 rooms, what would be the predicted list price in that community? (Show your procedure.)

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


∴ Other downloads you may be interested in ∴

log in to your account

Forgot password?
Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in