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SCENARIO 15-2 in Hawaii, Condemnation Proceedings Are Under Way to Enable

Question 13

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SCENARIO 15-2 In Hawaii, condemnation proceedings are under way to enable private citizens to own the property that their homes are built on.Until recently, only estates were permitted to own land, and homeowners leased the land from the estate.In order to comply with the new law, a large Hawaiian estate wants to use regression analysis to estimate the fair market value of the land. The following model was fit to data collected for n = 20 properties, 10 of which are located near a cove. Model 1: SCENARIO 15-2 In Hawaii, condemnation proceedings are under way to enable private citizens to own the property that their homes are built on.Until recently, only estates were permitted to own land, and homeowners leased the land from the estate.In order to comply with the new law, a large Hawaiian estate wants to use regression analysis to estimate the fair market value of the land. The following model was fit to data collected for n = 20 properties, 10 of which are located near a cove. Model 1: where Y Sale price of property in thousands of dollars Size of property in thousands of square feet 1 if property located near cove, 0 if not Using the data collected for the 20 properties, the following partial output obtained from Microsoft Excel is shown: SUMMARY OUTPUT -Referring to Scenario 15-2, given a quadratic relationship between sale price (Y) and property size , what null hypothesis would you test to determine whether the curves differ from cove and non-cove properties? A) B) C) D) where Y SCENARIO 15-2 In Hawaii, condemnation proceedings are under way to enable private citizens to own the property that their homes are built on.Until recently, only estates were permitted to own land, and homeowners leased the land from the estate.In order to comply with the new law, a large Hawaiian estate wants to use regression analysis to estimate the fair market value of the land. The following model was fit to data collected for n = 20 properties, 10 of which are located near a cove. Model 1: where Y Sale price of property in thousands of dollars Size of property in thousands of square feet 1 if property located near cove, 0 if not Using the data collected for the 20 properties, the following partial output obtained from Microsoft Excel is shown: SUMMARY OUTPUT -Referring to Scenario 15-2, given a quadratic relationship between sale price (Y) and property size , what null hypothesis would you test to determine whether the curves differ from cove and non-cove properties? A) B) C) D) Sale price of property in thousands of dollars SCENARIO 15-2 In Hawaii, condemnation proceedings are under way to enable private citizens to own the property that their homes are built on.Until recently, only estates were permitted to own land, and homeowners leased the land from the estate.In order to comply with the new law, a large Hawaiian estate wants to use regression analysis to estimate the fair market value of the land. The following model was fit to data collected for n = 20 properties, 10 of which are located near a cove. Model 1: where Y Sale price of property in thousands of dollars Size of property in thousands of square feet 1 if property located near cove, 0 if not Using the data collected for the 20 properties, the following partial output obtained from Microsoft Excel is shown: SUMMARY OUTPUT -Referring to Scenario 15-2, given a quadratic relationship between sale price (Y) and property size , what null hypothesis would you test to determine whether the curves differ from cove and non-cove properties? A) B) C) D) Size of property in thousands of square feet SCENARIO 15-2 In Hawaii, condemnation proceedings are under way to enable private citizens to own the property that their homes are built on.Until recently, only estates were permitted to own land, and homeowners leased the land from the estate.In order to comply with the new law, a large Hawaiian estate wants to use regression analysis to estimate the fair market value of the land. The following model was fit to data collected for n = 20 properties, 10 of which are located near a cove. Model 1: where Y Sale price of property in thousands of dollars Size of property in thousands of square feet 1 if property located near cove, 0 if not Using the data collected for the 20 properties, the following partial output obtained from Microsoft Excel is shown: SUMMARY OUTPUT -Referring to Scenario 15-2, given a quadratic relationship between sale price (Y) and property size , what null hypothesis would you test to determine whether the curves differ from cove and non-cove properties? A) B) C) D) 1 if property located near cove, 0 if not Using the data collected for the 20 properties, the following partial output obtained from Microsoft Excel is shown: SUMMARY OUTPUT SCENARIO 15-2 In Hawaii, condemnation proceedings are under way to enable private citizens to own the property that their homes are built on.Until recently, only estates were permitted to own land, and homeowners leased the land from the estate.In order to comply with the new law, a large Hawaiian estate wants to use regression analysis to estimate the fair market value of the land. The following model was fit to data collected for n = 20 properties, 10 of which are located near a cove. Model 1: where Y Sale price of property in thousands of dollars Size of property in thousands of square feet 1 if property located near cove, 0 if not Using the data collected for the 20 properties, the following partial output obtained from Microsoft Excel is shown: SUMMARY OUTPUT -Referring to Scenario 15-2, given a quadratic relationship between sale price (Y) and property size , what null hypothesis would you test to determine whether the curves differ from cove and non-cove properties? A) B) C) D) SCENARIO 15-2 In Hawaii, condemnation proceedings are under way to enable private citizens to own the property that their homes are built on.Until recently, only estates were permitted to own land, and homeowners leased the land from the estate.In order to comply with the new law, a large Hawaiian estate wants to use regression analysis to estimate the fair market value of the land. The following model was fit to data collected for n = 20 properties, 10 of which are located near a cove. Model 1: where Y Sale price of property in thousands of dollars Size of property in thousands of square feet 1 if property located near cove, 0 if not Using the data collected for the 20 properties, the following partial output obtained from Microsoft Excel is shown: SUMMARY OUTPUT -Referring to Scenario 15-2, given a quadratic relationship between sale price (Y) and property size , what null hypothesis would you test to determine whether the curves differ from cove and non-cove properties? A) B) C) D) SCENARIO 15-2 In Hawaii, condemnation proceedings are under way to enable private citizens to own the property that their homes are built on.Until recently, only estates were permitted to own land, and homeowners leased the land from the estate.In order to comply with the new law, a large Hawaiian estate wants to use regression analysis to estimate the fair market value of the land. The following model was fit to data collected for n = 20 properties, 10 of which are located near a cove. Model 1: where Y Sale price of property in thousands of dollars Size of property in thousands of square feet 1 if property located near cove, 0 if not Using the data collected for the 20 properties, the following partial output obtained from Microsoft Excel is shown: SUMMARY OUTPUT -Referring to Scenario 15-2, given a quadratic relationship between sale price (Y) and property size , what null hypothesis would you test to determine whether the curves differ from cove and non-cove properties? A) B) C) D)
-Referring to Scenario 15-2, given a quadratic relationship between sale price (Y) and property size SCENARIO 15-2 In Hawaii, condemnation proceedings are under way to enable private citizens to own the property that their homes are built on.Until recently, only estates were permitted to own land, and homeowners leased the land from the estate.In order to comply with the new law, a large Hawaiian estate wants to use regression analysis to estimate the fair market value of the land. The following model was fit to data collected for n = 20 properties, 10 of which are located near a cove. Model 1: where Y Sale price of property in thousands of dollars Size of property in thousands of square feet 1 if property located near cove, 0 if not Using the data collected for the 20 properties, the following partial output obtained from Microsoft Excel is shown: SUMMARY OUTPUT -Referring to Scenario 15-2, given a quadratic relationship between sale price (Y) and property size , what null hypothesis would you test to determine whether the curves differ from cove and non-cove properties? A) B) C) D) , what null hypothesis would you test to determine whether the curves differ from cove and non-cove properties?


A) SCENARIO 15-2 In Hawaii, condemnation proceedings are under way to enable private citizens to own the property that their homes are built on.Until recently, only estates were permitted to own land, and homeowners leased the land from the estate.In order to comply with the new law, a large Hawaiian estate wants to use regression analysis to estimate the fair market value of the land. The following model was fit to data collected for n = 20 properties, 10 of which are located near a cove. Model 1: where Y Sale price of property in thousands of dollars Size of property in thousands of square feet 1 if property located near cove, 0 if not Using the data collected for the 20 properties, the following partial output obtained from Microsoft Excel is shown: SUMMARY OUTPUT -Referring to Scenario 15-2, given a quadratic relationship between sale price (Y) and property size , what null hypothesis would you test to determine whether the curves differ from cove and non-cove properties? A) B) C) D)
B) SCENARIO 15-2 In Hawaii, condemnation proceedings are under way to enable private citizens to own the property that their homes are built on.Until recently, only estates were permitted to own land, and homeowners leased the land from the estate.In order to comply with the new law, a large Hawaiian estate wants to use regression analysis to estimate the fair market value of the land. The following model was fit to data collected for n = 20 properties, 10 of which are located near a cove. Model 1: where Y Sale price of property in thousands of dollars Size of property in thousands of square feet 1 if property located near cove, 0 if not Using the data collected for the 20 properties, the following partial output obtained from Microsoft Excel is shown: SUMMARY OUTPUT -Referring to Scenario 15-2, given a quadratic relationship between sale price (Y) and property size , what null hypothesis would you test to determine whether the curves differ from cove and non-cove properties? A) B) C) D)
C) SCENARIO 15-2 In Hawaii, condemnation proceedings are under way to enable private citizens to own the property that their homes are built on.Until recently, only estates were permitted to own land, and homeowners leased the land from the estate.In order to comply with the new law, a large Hawaiian estate wants to use regression analysis to estimate the fair market value of the land. The following model was fit to data collected for n = 20 properties, 10 of which are located near a cove. Model 1: where Y Sale price of property in thousands of dollars Size of property in thousands of square feet 1 if property located near cove, 0 if not Using the data collected for the 20 properties, the following partial output obtained from Microsoft Excel is shown: SUMMARY OUTPUT -Referring to Scenario 15-2, given a quadratic relationship between sale price (Y) and property size , what null hypothesis would you test to determine whether the curves differ from cove and non-cove properties? A) B) C) D)
D) SCENARIO 15-2 In Hawaii, condemnation proceedings are under way to enable private citizens to own the property that their homes are built on.Until recently, only estates were permitted to own land, and homeowners leased the land from the estate.In order to comply with the new law, a large Hawaiian estate wants to use regression analysis to estimate the fair market value of the land. The following model was fit to data collected for n = 20 properties, 10 of which are located near a cove. Model 1: where Y Sale price of property in thousands of dollars Size of property in thousands of square feet 1 if property located near cove, 0 if not Using the data collected for the 20 properties, the following partial output obtained from Microsoft Excel is shown: SUMMARY OUTPUT -Referring to Scenario 15-2, given a quadratic relationship between sale price (Y) and property size , what null hypothesis would you test to determine whether the curves differ from cove and non-cove properties? A) B) C) D)

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