Question

g A realtor is trying to predict the selling price of houses in Greenville (in thousands of dollars) as a function of Size (measured in thousands of square feet) and whether or not there is a fireplace (FP is 0 if there is no fireplace, 1 if there is a fireplace). Part of the regression output is provided below, based on a sample of 20 homes. Some of the information has been omitted. Variable Coefficients Standard Error t-Stat P-value Intercept 128.93746 2.6205302 49.203 8.93E-20 Size 1.2072436 11.439 2.09E-09 FP 6.47601954 1.9803612 3.27 0.004512 Which statement is supported by the regression output?

Answer 1

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