Question

(a) Use the Corner Homes Data." The variables are Price = selling price of a home, SQFT = square feet are of home, Corner = 1 if home is on a corner and 0 if home is not on a corner

(b) Create a new variable column that is the product of the SQFT and Corner variables. This will be an interaction variable. Create a new name for the storage column, and in the expression box enter SQFT*Corner. Then, do a multiple regression with Price as the response variable (y-variable) and the three variables SQFT, Corner, and the newly created interaction variable as the predictor variables (x-variables). Write the resulting sample regression equation as the answer to this part.

(c) Using the fact that corner homes have Corner = 1, determine the equation that relates price to SQFT for corner homes. (Substitute Corner = 1 into the equation that you wrote for part (b).

(d) Using the fact that non-corner homes have Corner = 0, determine the equation that relates price to SQFT for non-corner homes. (Substitute Corner = 0 into the equation that you wrote for part (b).

Solution Preview

This material may consist of step-by-step explanations on how to solve a problem or examples of proper writing, including the use of citations, references, bibliographies, and formatting. This material is made available for the sole purpose of studying and learning - misuse is strictly forbidden.

(c)

ลท(Corner=1)=-15364.2811+74.9708SQFT+49540.4289*1-35.5842SQFT*1
=34176.15+39.3866SQFT...

This is only a preview of the solution. Please use the purchase button to see the entire solution

Assisting Tutor

Related Homework Solutions

Statistics Problem: Toy Company Research
Homework Solution
$8.00
Statistics
Mathematics
Toy Company
Research
Military Action Figure
Samples
Functions
Null Hypothesis
Girls
Percentages
Significance Level
GI Joe
Multiple Regression Analysis
Homework Solution
$50.00
Mathematics
Multiple Regression Analysis
Kindergarten Reading Scores
Descriptive Statistics
SPSS
Functions
Assumptions
Suppression Effects
Statistics Questions
Homework Solution
$40.00
Statistics
Questions
Mean
Mode
Median
Histogram
Scatter Plot
Chi Square
Sociology Statistics Questions
Homework Solution
$50.00
Sociology
Mathematics
Statistics
BPS Study
Standard Error
Significance
Ratios
Slope
Samples
Surveys
Observations
Regression
Hypothesis
Religiosity
Research
Analysis
Population
Engineering Statistics Questions
Homework Solution
$40.00
Mathematics
Statistics
Engineering
Bernoulli
Random Variables
Probability
Distribution
Complete Statistic
Random Angle
Origin
Random Distance
Covariance
Maximum Likehood
Posterior Mean
Variance
Prior Distribution
Parameters
Functions
Applied Statistics Questions
Homework Solution
$45.00
Statistics
Population
Bonuses
Employees
Reported Mean
Researches
Hypothesis
Framework
Tables
Machine Tools
Standard Deviation
Upper-Tail
Estimation
Dependent Variables
Get help from a qualified tutor
Live Chats