01 Jun Question Important: This is an individual
Question
| Important: This is an individual assignment, you are NOT allowed to receive or give assistance of any kind | |||||||||||||
| The following table presents four variables that may be used to estimate Value of Office Building. | |||||||||||||
| Floor space in square feet | Number of offices | Number of entrances | Age of the office building in years | Assessed value of the office building | |||||||||
| 215 | 2 | 2 | 20 | 1,42,000 | Based on the Excel output, answer the following: | ||||||||
| 217 | 2 | 2 | 12 | 1,44,000 | |||||||||
| 219 | 3 | 1.5 | 33 | 1,51,000 | An additional office will increase the value by: | ||||||||
| 221 | 3 | 2 | 43 | 1,50,000 | |||||||||
| 223 | 2 | 3 | 53 | 1,39,000 | The coefficient of determination for this model is: | ||||||||
| 225 | 4 | 2 | 23 | 1,69,000 | |||||||||
| 227 | 2 | 1.5 | 99 | 1,26,000 | The p-value for the model is: | ||||||||
| 230 | 2 | 2 | 34 | 1,42,000 | |||||||||
| 232 | 3 | 3 | 23 | 1,63,000 | The p-value for Number of Offices is: | ||||||||
| 234 | 4 | 4 | 55 | 1,69,000 | |||||||||
| 236 | 2 | 3 | 22 | 1,49,000 | What is the estimated value for a building with | ||||||||
| 220 square feet, 2 offices, 2 entrances, and 15 years old? | |||||||||||||
| Use the MS Excel’s add-in ‘Regression’ and generate the output in the yellow area below. |
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