Suppose the following data were collected relating the selling price of a house to a square footage and whether or not the house is made out of wood. Use statistical software to find the regression equation. Is there enough evidence to support the claim that on average wood houses are more expensive than other types of houses at the 0.05 level of significance? If yes, type the regression equation in the spaces provided with answers rounded to two decimal places. Else, select "There is not enough evidence" Selling Prices of Houses Price Sqft Wood (1 if wood, 0 if otherwise) 198637 2197 1 204780 2490 1 204200 2596 0 209184 2779 0 196696 2378 0 221429 2988 1 223290 3385 1 156740 1360 1 177254 1985 0 180533 1916 0 187262 1957 1 234023 3378 0 229634 3327 0 207475 2695 0 209448 2596 1 207347 2732 0 191976 2061 1 199300 2310 1 199943 2499 0 207985 2574 1 Selecting a checkbox will replace the entered answer value(s) with the checkbox value. If the checkbox is not selected, the entered answer is used. Pricei= _________ +_________ SQFTi +_________WOODi +ei or is there not enough evidence
Suppose the following data were collected relating the selling price of a house to a square footage and whether or not the house is made out of wood. Use statistical software to find the regression equation. Is there enough evidence to support the claim that on average wood houses are more expensive than other types of houses at the 0.05 level of significance? If yes, type the regression equation in the spaces provided with answers rounded to two decimal places. Else, select "There is not enough evidence"
Selling Prices of Houses
Price | Sqft | Wood (1 if wood, 0 if otherwise) |
---|---|---|
198637 | 2197 | 1 |
204780 | 2490 | 1 |
204200 | 2596 | 0 |
209184 | 2779 | 0 |
196696 | 2378 | 0 |
221429 | 2988 | 1 |
223290 | 3385 | 1 |
156740 | 1360 | 1 |
177254 | 1985 | 0 |
180533 | 1916 | 0 |
187262 | 1957 | 1 |
234023 | 3378 | 0 |
229634 | 3327 | 0 |
207475 | 2695 | 0 |
209448 | 2596 | 1 |
207347 | 2732 | 0 |
191976 | 2061 | 1 |
199300 | 2310 | 1 |
199943 | 2499 | 0 |
207985 | 2574 | 1 |
Selecting a checkbox will replace the entered answer value(s) with the checkbox value. If the checkbox is not selected, the entered answer is used.
Pricei= _________ +_________ SQFTi +_________WOODi +ei or is there not enough evidence
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