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An Real Estate Analyst Believes That the Three Main Factors

Question 90

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An real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms,the number of bathrooms,and the apartment's square footage.For 40 apartments,she collects data on the rent (y,in $) ,the number of bedrooms (x1) ,the number of bathrooms (x2) ,and its square footage (x3) .She estimates the following model as Rent = β0 + β1 Bedroom + β2 Bath + β3 Sqft + ε.The following ANOVA table shows a portion of the regression results. An real estate analyst believes that the three main factors that influence an apartment's rent in a college town are the number of bedrooms,the number of bathrooms,and the apartment's square footage.For 40 apartments,she collects data on the rent (y,in $) ,the number of bedrooms (x<sub>1</sub>) ,the number of bathrooms (x<sub>2</sub>) ,and its square footage (x<sub>3</sub>) .She estimates the following model as Rent = β<sub>0</sub> + β<sub>1</sub> Bedroom + β<sub>2</sub> Bath + β<sub>3</sub> Sqft + ε.The following ANOVA table shows a portion of the regression results.   The standard deviation of the difference between actual rent and the estimate of rent is ____. A)  40 B)  50.88 C)  193 D)  37310 The standard deviation of the difference between actual rent and the estimate of rent is ____.


A) 40
B) 50.88
C) 193
D) 37310

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