50.1K

Verified Solution

Link Copied!

A national homebuilder builds single family homes and condominium style townhouses The accompanying dataset provides information on the selling price lot cost and type of home for closings during one month Complete parts a through c Click the icon to view the house sales data Create a dummy variable named Townhouse where it is equal to 1 when Type Townhouse and 0 otherwise Determine the coefficients of the regression equation A 1 Type 2 Townhouse 3 Single Family 4 Townhouse 5 Single Family 6 Townhouse 7 Townhouse 8 Single Family 9 Townhouse a Develop a multiple regression model for sales price as a function of lot cost and type of home without any interaction 10 Townhouse term 11 Single Family 12 Single Family 13 Townhouse Sales Price Lot Cost Townhouse Round the constant and coefficient of Townhouse to the nearest integer as needed Round all other values to two decimal places as needed A 14 Single Family 15 Single Family 16 Single Family 17 Single Family 18 Single Family 19 Single Family 20 Single Family 21 Single Family 22 Single Family 23 Single Family 24 Single Family 25 Single Family 26 Single Family 27 Single Family Sales Price Lot Cost 112440 20700 138530 25500 147905 24750 170500 25300 181916 45025 187290 27100 189120 35000 45025 45025 39299 36500 73400 196898 203076 205821 214205 250800 255000 268000 268500 271105 277720 294990 43198 43344 41196 45060 44650 57000 302500 59050 45850 40768 307387 312898 319602 324612 337374 82250 62523 70399 337380 49150 338065 54852

Answer & Explanation Solved by verified expert

See Answer