Scenario 2: Below is a multiple regression in which the dependent variable is market value of houses and the independent variables are the age of the house and square footage of the house. The regression was estimated for 42 houses.

-Refer to Scenario 2.Based on the 95 percent confidence intervals for each of the partial regression coefficients,which independent variable is statistically different from zero and why?

Question

Scenario 2: Below is a multiple regression in which the dependent variable is market value of houses and the independent variables are the age of the house and square footage of the house. The regression was estimated for 42 houses.
 
-Refer to Scenario 2.Based on the 95 percent confidence intervals for each of the partial regression coefficients,which independent variable is statistically different from zero and why?

Quizplus · Accepted Answer

The Answer of Scenario 2: Below is a multiple regression in which the dependent variable is market value of houses and the independent variables are the age of the house and square footage of the house. The regression was estimated for 42 houses.
 
-Refer to Scenario 2.Based on the 95 percent confidence intervals for each of the partial regression coefficients,which independent variable is statistically different from zero and why?

Scenario 2: Below Is a Multiple Regression in Which the Dependent