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Question: summary output regression statistics multiple r 090 r squared 080...

Question details

 

SUMMARY OUTPUT    
       
Regression Statistics
   
Multiple R 0.90    
R Squared 0.80    
Adjusted Rsq 0.79    
Standard Error 82.06    
Observations 19.00    
       
ANOVA      
  df SS MS
Regression 1 467247.5 467247.5
Residual 17 114466.2 6733.3
Total 18 581713.7  
       
  Coefficients St Error t Stat
Intercept 756.26 30.41 24.87
Age -10.27 1.23 -8.33

 

 

This output was obtained from data on the age of houses (in years) and the associated amount paid in rates ($). Predict the rates paid (in dollars correct to two decimal places) for a house that is 14.4 years old. Use z and t tables, not cas calculator.

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