Steve Caples, a real estate appraiser in Lake Charles, Louisiana, has developed a regression model to help appraise residential housing in the Lake Charles Area. The model was developed using recently sold homes in a particular neighborhood. The price (y) of the house is based on the square footage (x) of the house. The model is:

Y=33,478+62.4X

The coefficient of correlation for the model is 0.63.

(a) Use the model to predict the selling price of a house that is 1,860 square feet.

(b) A house with 1,860 square feet recently sold for $165,000. Explain why this is not what the model predicted.

(c) If you were going to use multiple regression to develop an appraisal model, what other quanititative variables might be included in the model?

(d) What is the coefficient of determination for this model?

Answers

Answer 1

Answer:

Step-by-step explanation:

Hello!

Given the variables:

Y: Price of a house on sale

X: Square feet of a hose on sale

Y= 33.478 + 62.4X

r= 0.63

a)

To use the model to predict the price of a house with X= 1860 square feet you have to replace that value in the estimated equation:

^Y= 33478 + 62.4*1860= $149542

b)

The model predicts the estimated average value of Y given a certain value of X, that's why the value the house was sold for is different.

c)

Any variable that may vary the price of the house can be included in the model, for example:

X: Age of the house

X: Number of bedrooms

X: Type of neighborhood (residential area, industrial area, commercial area, etc...)

d)

Mathematically the coefficient of determination is equal to the square of the correlation coefficient:

R²= (r)²= 0.63²= 0.3969

This means that 39.69% of the variability of the house price is explained by the square footage of the house under the model: ^Y= 33.478 + 62.4X

I hope this helps!


Related Questions

A metal alloy is 27% copper. Another metal alloy is 52% copper. How much of each should be used to make 22 g of an alloy that is 36.09% copper?

Answers

Answer:

14.0008 grams of 27% and 7.9992 grams of 52%

Step-by-step explanation:

We know that in the end we want 22 grams of 36.09% copper, meaning in the end we want 36.09% of the 22 grams to be copper. This means we can multiply 36.09% by 22 to see how much copper we want in the end.

To find out how much of each alloy to use, we can multiply the percentage of copper in the alloy be a variable x, which will be how much of that alloy we use. For the other alloy, we can multiply the percentage by (22-x) grams as we know in the end we want 22 grams and if x+y=22, than y would equal 22-x, and in this case this simplifies it to only use a single variable.

Now finally, making the equation we get 27x+52(22-x)=36.09(22). We can solve this and get 27x+1144-52x=793.98, then combine like terms and get -25x+1144=793.98. Next you have to subtract 1144 from both sides to get -25x=-350.02. Dividing both sides by -25 we get x=14.0008. This is how many grams of 27% copper was used. Now we can subtract this from 22 to get how much 52% copper was used, and we get 22-14.0008=7.9992 grams of 52% copper.

translate the sum of x and one half of x into a mathematical expression

Answers

Answer:

The above statement is written as

[tex]x + 1 \times \frac{1}{2} of \: x[/tex]

of means multiplication

So the final answer is

[tex]x + \frac{3}{2} x[/tex]

Hope this helps you.

Vector A has components (5,6) and vector B has components (-12, 3). What is the direction of the vector C

Answers

Question:

Vector A has components (5,6) and vector B has components (-12, 3). What is the direction of the vector C = 2A - B

Answer:

22.24° to the positive x-axis.

Step-by-step explanation:

Given vectors:

A (5, 6)

B (-12, 3)

C = 2A - B             ------------(i)

First let's represent the two vectors in unit notation as follows;

A = 5 i + 6 j

B = -12 i + 3 j

Now substitute these vectors into equation (i) as follows;

C = 2(5 i + 6 j) - (-12 i + 3 j)

C = 2(5 i + 6 j) + (12 i - 3 j)

C = 10 i + 12 j + 12 i - 3 j                   [collect like terms]

C = 10 i + 12 i + 12 j - 3 j

C = 22 i + 9 j                         ----------------(ii)

The direction, θ, of vector C can be calculated as follows;

θ = tan⁻¹([tex]\frac{9}{22}[/tex])

θ = tan⁻¹(0.409)

θ = 22.24°

Since both the x and y components of vector C are positive, the direction of the vector is 22.24° to the positive x-axis.

5/6-2/7 the answer isnt 23/42 or 8/21

Answers

Answer:

Common denominator - 42

Step-by-step explanation:

6 - 6, 12, 18, 24, 30, 36, 42

7 - 7, 14, 21, 28, 35, 42

Hope this helps! :)

If we are testing for the difference between the means of 2 independent populations presuming equal variances with samples of n1 = 20 and n2 = 20, the number of degrees of freedom is equal to a. 38. b. 19. c. 18. d. 39.

Answers

Answer:

Null hypothesis: [tex]\mu_1= \mu_2[/tex]

Alternative hypothesis:[tex]\mu_1 =\neq \mu_2[/tex]

And for this case we assume that we have equal variances so that means:

[tex]\sigma =\sigma_1 =\sigma_2[/tex]

For this case the degrees of freedom are given by:

[tex] df= n_1 +n_2 -2[/tex]

And replacing we got:

[tex] df= 20+20 -2= 38[/tex]

And the best answer would be:

a. 38

Step-by-step explanation:

For this problem we want to test the following:

Null hypothesis: [tex]\mu_1= \mu_2[/tex]

Alternative hypothesis:[tex]\mu_1 =\neq \mu_2[/tex]

And for this case we assume that we have equal variances so that means:

[tex]\sigma =\sigma_1 =\sigma_2[/tex]

For this case the degrees of freedom are given by:

[tex] df= n_1 +n_2 -2[/tex]

And replacing we got:

[tex] df= 20+20 -2= 38[/tex]

And the best answer would be:

a. 38

can someone help me PLS

Answers

Answer:

Step-by-step explanation:

2^2=1.75^2+3^2-2*3*1.75cos x

4=3.0625+9-10.5 cosx

10.5cos x=9-4+3.0625

10.5cosx=8.0625

cos x= 8.0625/10.5≈0.77

x≈40 degrees

Answer:  D) 40 degrees

Step-by-step explanation:

Let  A = θ

then a = 2       b = 3     c = 1.75

Use the Law of Cosines:

a² = b² + c² - 2bc · cos A

2² = 3² + 1.75² - 2(3)(1.75) · cos θ

4 = 9 + 3.0625 - 10.5 cos θ

4 = 12.0625 - 10.5 cos θ

-8.0625 = -10.5 cos θ

[tex]\dfrac{-8.0625}{-10.5}=\cos \theta\\\\\\\cos^{-1}\bigg(\dfrac{-8.0625}{-10.5}\bigg)=\theta\\\\\\\large\boxed{39.838=\theta}[/tex]

5. Which of the following is an equivalent form of the parabola y = x - 4x - 12 that displays
the x-intercepts?
A) y + 12 = x² - 4x
B) y = (x - 2)2 - 16
C) y=(x-6) (x + 2)
D) y = x (x – 4) - 12

Answers

Answer:

Your answer is B. Tell me if you need graphics)

it would be C

My best assumption here is you misplaced x^2 in this function. Mostly what is done with the answer C is the function is being FACTORED, and broken down into its simplest form.

Brainliest to correct answer!! What is the least common denominator of the rational expressions below?

Answers

Answer:

least common denominator of the rational expressions below is x(x-7)(x+3)

Step-by-step explanation:

factotized form of denominators

x²-7x

=x(x-7)

x²-4x-21

=x²-7x+3x-21

=x(x-7)+3(x-7)

=(x+3)(x-7)

i hope this will help you :)

Answer:

least common denominator of the rational expressions below is x(x-7)(x+3)

Step-by-step explanation:

factotized form of denominators

x²-7x

=x(x-7)

x²-4x-21

=x²-7x+3x-21

=x(x-7)+3(x-7)

=(x+3)(x-7)

i hope this will help you :)

Find the area of the irregular figure. Round to the nearest hundredth.

Answers

Answer:

23.14

Step-by-step explanation:

Solve for the area of the figure by dividing it up into parts.  You can divide into a half-circle and a triangle

Half-Circle

The diameter is 6.  This means that the radius is 3.  Use the formula for area of a circle.  Divide the answer by two since you only have a half-circle.

A = πr²

A = π(3)²

A = 9π

A = 28.274

28.274/2 = 14.137

Triangle

The base is 3 and the height 6.  Use the formula for area of a triangle.

A = 1/2bh

A = 1/2(6)(3)

A = 3(3)

A = 9

Add the two areas together.

14.137 + 9 = 23.137 ≈ 23.14

The area is 23.14.

Answer:

23 sq. units

Step-by-step explanation:

The figure consists of a semi circle and a triangle

Area of the figure = Area of semi circle + Area of triangle

Area of semi circle is 1/2πr²

where r is the radius

radius = diameter/2

radius = 6/2 = 3

Area of semi circle is

1/2π(3)²

1/2×9π

14.14 sq. units

Area of a triangle is 1/2×b×h

h is the height

b is the base

h is 6

b is 3

Area of triangle is

1/2×3×6

9 sq. units

Area of figure is

14.14 + 9

= 23.14

Which is 23 sq. units to the nearest hundredth

Hope this helps you.

4
The equation of a circle is x2 + y2 + x + Dy+ E= 0. If the radius of the circle is decreased without changing the coordinates of the center point, how are the coefficients CD,
and E affected?
O A CD, and E are unchanged.​

Answers

Answer:

Step-by-step explanation:

in x²+y²+2gx+2fy+c=0

center=(-g,-f)

radius=√((-g)²+(-f)²-c)

if center is not changed ,then c will change .

Here only coefficients of  E will change.

1. 21 + x = 26
2. 12 + 2x = 16
3. 4x - 2 = 10
4. x + 7 = 12

algebra I hat it please help me​

Answers

Answer:

hope it will help uh ...u will slowly get over it..

Write log√3x in expanded form.

Answers

Answer:

log (3)           log (x)  

---------    +      ---------

    2                     2

Step-by-step explanation:

a. distribute to get → log (3)           log (x)  

                                  ---------    +      ---------

                                     2                     2

Hope this helped! :)

log√(3x) can be written in the expanded form as [tex]\frac{1}{2}[/tex] [log (3) + log (x)].

What are Logarithms?

A logarithm is simply the opposite function of the exponentiation.

It is the exponent to which a number or value is raised to get some other number.

That is, if c = aˣ, then we can write it as x =logₐ c.

We know that,

√a can be written as (a) ^(1/2).

Similarly,

log√(3x) = log (3x)^(1/2)

Now, we have a rule for logarithms that, log aᵇ = b log a.

So,

log√(3x) = log (3x)^(1/2)

              = [tex]\frac{1}{2}[/tex] log (3x)

Using the multiplication rule of logarithms, log (ab) = log (a) + log(b),

              = [tex]\frac{1}{2}[/tex] [log (3) + log (x)]

Hence the expanded form is [tex]\frac{1}{2}[/tex] [log (3) + log (x)].

Learn more about Logarithms here :

https://brainly.com/question/29291192

#SPJ2

The additive inverse of x/y is​

Answers

Answer

The additive inverse is

-x/-y

That is equal to x/y

hope this may help you

an item is on sale at 40% off the regular price. it is tax at a rate of 6%. if the final sale price including tax is 50.88 then what is the sale price of the item without tax what was regular price

the sale price of the item without tax was



the regular price of the item is​

Answers

Answer:

$48, $80

Step-by-step explanation:

$50.88 is the price including tax and the discount. The discount is applied first. Then the tax is applied.

The tax is 6%, so $50.88 is 106% of the discounted price.

$50.88/1.06 = $48

$48 is the discounted price.

The discount is 40% of the original price, so the pre-tax discounted price is 60% of the original price.

$48/0.6 = $80

The original price was $80

Which best describes the relationship between the line that passes through the points (-9, 2) and (-5, 4) and the line that passes through the points (-3, 4) and (1, 6)?

Answers

Answer:

Parallel!

Step-by-step explanation:

If you put these points on a graph and connect the dots to be two lines, they are perfectly side to side :)

the cube root of 'a'is denoted by

please give the answer fast​

Answers

Answer: [tex]\sqrt[3]{a}[/tex]

Step-by-step explanation:

Just as the square root is [tex]\sqrt[2]{a}[/tex], the cube root is [tex]\sqrt[3]{a}[/tex]

Hope it helps <3

Answer:

[tex]\sqrt[3]{a}[/tex]

Step-by-step explanation:

a cube root of a number x is a number a such that a³ = x.

Find the length of UC

Answers

Answer: 25 units

Step-by-step explanation:

Simply do 40(UN)-15(CN) to get 25(UC)

Hope it helps <3

Answer:

25

Option D is the correct option

Solution,

Here,

UN = 40

CN = 15

Now,

UN = UC + CN

plugging the values,

40 = UC + 15

-UC = 15 - 40

-UC = -25

The difference sign (-) will be cancelled in both sides:

UC = 25

hope this helps...

Good luck on your assignment..

Eric works for salary of $3,500 per month. He has federal income withheld at the rate of 15%, Social Security tax at the rate of 6.2%, Medicare tax at the rate of 1.45% and health insurance premiums of $48 per month. Erik also contributes to a savings plan. Each month, 2% of his gross pay is placed in the savings plan.

After Erik pays the taxes on his money what is Eric's net pay?
A. (1,448.45)
B. (1,799.05)
C. (2,589.25)
D. (2799.05)

Answers

Answer:

C. 2,589.25

Step-by-step explanation:

Salary=$3500

Less:

Federal income withheld

15% of $3500

=15/100×$3500

=$525

Social security tax of 6.2%

6.2% of $3500

=6.2/100 × $3500

=$217

Medicare tax of 1.45%

1.45% of $3500

1.45/100 × $3500

=$50.75

Health insurance premium=$48

Savings plan of 2%

2% of $3500

=2/100 × $3500

=$70

Total less:= $525 + $217 + $50.75 + $48 + $70

Eric's net pay =$3500 - $910.75

=$2,589.25

Answer:

c

Step-by-step explanation:

a patient receives 65 grams of medicine if its increased by 20% how many grams is that

Answers

Responda:

13 gramas

Explicação passo a passo:

65 + 20% = 13

Consider the following results for two independent random samples taken from two populations.
Sample 1 Sample 2
n1 = 50 n2 = 35
X1 = 13.6 X2 = 11.6
1 = 2.2 1 = 3.0
1. What is the point estimate of the difference between the two population means?
2. Provide a 90% confidence interval for the difference between the two population means (to 2 decimals).
3. Provide a 95% confidence interval for the difference between the two population means (to 2 decimals).

Answers

Answer:

1. Point estimate Md = 2

2. The 90% confidence interval for the difference between means is (1.01, 2.99).

3. The 95% confidence interval for the difference between means is (0.82, 3.18).

Step-by-step explanation:

a) The point estimate of the difference between the two population means is the difference between sample means:  

[tex]M_d=M_1-M_2=13.6-11.6=2[/tex]

2. We have to calculate a 90% confidence interval for the difference between means.

The sample 1, of size n1=50 has a mean of 13.6 and a standard deviation of 2.2.

The sample 2, of size n2=35 has a mean of 11.6 and a standard deviation of 3.

The estimated standard error of the difference between means is computed using the formula:

[tex]s_{M_d}=\sqrt{\dfrac{\sigma_1^2}{n_1}+\dfrac{\sigma_2^2}{n_2}}=\sqrt{\dfrac{2.2^2}{50}+\dfrac{3^2}{35}}\\\\\\s_{M_d}=\sqrt{0.097+0.257}=\sqrt{0.354}=0.5949[/tex]

The degrees of freedom for this confidence interval are:

[tex]df=n_1+n_2-2=50+35-2=83[/tex]

The critical t-value for a 90% confidence interval is t=1.663.

The margin of error (MOE) can be calculated as:

[tex]MOE=t\cdot s_{M_d}=1.663 \cdot 0.5949=0.99[/tex]

Then, the lower and upper bounds of the confidence interval are:

[tex]LL=M_d-t \cdot s_{M_d} = 2-0.99=1.01\\\\UL=M_d+t \cdot s_{M_d} = 2+0.99=2.99[/tex]

The 90% confidence interval for the difference between means is (1.01, 2.99).

2. We have to calculate a 95% confidence interval for the difference between means.

The critical t-value for a 95% confidence interval and 83 degrees of freedom is t=1.989.

The margin of error (MOE) can be calculated as:

[tex]MOE=t\cdot s_{M_d}=1.989 \cdot 0.5949=1.18[/tex]

Then, the lower and upper bounds of the confidence interval are:

[tex]LL=M_d-t \cdot s_{M_d} = 2-1.18=0.82\\\\UL=M_d+t \cdot s_{M_d} = 2+1.18=3.18[/tex]

The 95% confidence interval for the difference between means is (0.82, 3.18).

1. What line forms when a plane and a cylinder intersect?
O A. Parallel line
O B. Broken line
O C. Curved line
O D. Straight line​

Answers

Answer:

A. Parallel line

Parallel line forms when a plane and a cylinder intersect

hope this helping you..

when a plane and a cylinder intersect it forms into parallel line

A.Parallel line

Triangle ABC is drawn inside regular hexagon ABCDEF. What is the ratio of the area of triangle ABC to the area of the hexagon?

Answers

The sides of the regular hexagon ABCDEF can be posed as a. If so, the area of ABCDEF should be 6 times the are of the interior angle in the hexagon, considering there are 6 equilateral triangle that can fit in this regular hexagon,

Area =  6( a * a * sin 60 ) / 2,

Area = ( About ) 2.6 sq units

Now applying cosine for triangle ABC -

AC^2 = AB^2 + BC^2 – ( 2*AB*BC*cos 120 ),

a^2 + a^2 – ( 2a^2 * ( - 0.5 ) ) = a^2 + a^2+a^2 =3a^2,

AC = a√3

The area of ABC should thus be the following -

( a√3 * a√3 * sin 60 )/2 = 1.299038106 sq units

As you can see, the area of ABC is half the area of ABCDEF, thus the ratio of the area of ABC to ABCDEF is 1 : 2

Answer:

3.5 units

Step-by-step explanation:

Answer ASAP!!!! What is the volume of a sphere with a radius of 8 mm? Round the answer to the nearest whole number. 804 mm3 1,072 mm3 268 mm3 2,145 mm3

Answers

Answer: 2145

Step-by-step explanation:

4/3 * 3.14 * 8^3 = (Rounded) 2145

<!> Brainliest answer is appreciated! <!>

A bread recipe calls for 2 1/2 cups of whole wheat flour 2/3 cups of rice flour 2 1/4 cups of white flour how many total cups of flour are needed write your answer as a simplified mixed number

Answers

Answer:

5 5/12

Step-by-step explanation:

you find the common denominator which is 12

2 6/12

8/12

2 3/12

now u add them all

hope this helps

Answer:

5 5/12 cups

Step-by-step explanation:

Question # 9 help please!!

Answers

Answer:

answer is C

Step-by-step explanation:

..........

Answer:

im pretty sure the answer is either C or D. i think it's C though. good luck on your test/assignment!

Step-by-step explanation:

A certain radioactive isotope has a half-life of approximately 111 years . How many years would be required for a given amount of this isotope decay to 25% of tha

Answers

Answer:

222 years

Step-by-step explanation:

25% = 0.25

This radio active isotope have a half time if 111 years.

It means for every 111 years it decays to the half of the amount of it's substance present.

So in the first 111 years it will decay to it's half of the initial= 0.5

In another 111 year it will decay to another 0.5 of the present 0.5

That is, it will decay 0.5*0.5 = 0.25 if the original substance.

So I will take 111+111 = 222 years for the substance to decay to 0.25 or 25% of its original substance.

A number is tripled and then 17 is subtracted. If the
result is 40, find the original number..

Answers

Answer:

The original number is 19

Step-by-step explanation:

Let the original number be x

The above expression is written as

3x - 17 = 40

3x = 40 + 17

3x = 57

Divide both sides by 3

3x / 3 = 57/3

x = 19

Hope this helps you.

Answer:

im not sure either the triple is time with three or power of three

if times three:

3x–17=40

19

if power of three:

x³–17=40

x=

[tex] \sqrt[3]{57} [/tex]

For the x-values 1, 2, 3, and so on, the yvalues of a function form a geometric
sequence that decreases in value. What type of function is it?​

Answers

Answer:

  exponential function

Step-by-step explanation:

A geometric sequence is a representation of an exponential function.

__

There are a couple of ways an exponential function can decrease in value. It can be a decaying function, or it can be a growth function that is reflected across the x-axis.

check all that apply

Answers

Answer: B & C

Step-by-step explanation:

Putting the values of x & y in all 4 equations we see that the values satisfy equations B & C only. Hence B & C are correct answers

the answer is B and C

One movie ticket costs $7, and one small bag of popcorn costs $3. Write two equivalent expressions for the total cost of four movie tickets and four bags of popcorn. Then find the cost. a. 4($7 + $3), 4($7) + 4($3); $40 c. $4(7 + $3), $4(7) + $4($3); $12 b. 4($7 x $3), 4($7) x 4($3); $84 d. $4($7), $4($3); $28

Answers

Answer:

Option A

Step-by-step explanation:

=> 1 ticket = $7

=> 1 bag = $3

Expression # 1:

=> 4($7+$3)

Expression # 2:

=> 4($7)+4($3)

Solving it:

=> $28+$12

=> $40

Answer:

4(7+3)=28+12=40, 4(3)+4(7)

Answer: A and C

Step-by-step explanation:

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