Question

he commercial division of a real estate firm is conducting a regression analysis of the relationship between , annual gross rents (in thousands of dollars), and , selling price (in thousands of dollars) for apartment buildings. Data were collected on several properties recently sold and the following computer output was obtained. ANOVA df SS MS F Significance F Regression 1 41587.1 Residual 7 Total 8 51984.5 Coefficients Standard Error t Stat P-value Intercept 20.000 3.2213 6.21 Annual Gross Rents 7.220 1.3627 5.29 a. How many apartment buildings were in the sample

Answer 1

Number of apartment = 9

Explanation:

Given the ANOVA result :

ANOVA ____ df ____ SS

Regression __ 1 ___ 41587.1

Residual ____ 7 ___

Total _______ 8 __ 51984.5

Number of apartment building in sample (n) :

Degree of freedom (df) = n - 1

The degree of freedom = total = 8

Hence,

8 = n - 1

8 + 1 = n - 1 + 1

9 = n

Hence, number of apartment building in sample = 9