Question

A home appraisal company would like to develop a regression model that would predict the selling price of a house based on the age of the house in years​ (Age), the living area of the house in square feet​ (Living Area) and the number of bedrooms​ (Bedrooms). The given Excel output shows the partially completed regression output from a random sample of homes that have recently sold. Which group of independent variables is significant in this model using alphaαequals=​0.05?

Answer 1

Hello the excel output is missing attached is the excel output for the question

Answer : living area and Bedrooms

Explanation:

A significant variable is a variable that is vital in the determination of the outcome of an activity or group of activities, and when the variable is independent is means that other variable does not affect its value or importance.

hence the important independent variable in this question are : Living area (x2) and Bedrooms(x3) because the pvalue < ∝ = 0.05