A Realtor Is Trying to Predict the Selling Price of Houses

question 90

Multiple Choice

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) . The regression output is provided below. Some of the information has been omitted. $$\begin{array} { l c c c c } \hline \text { Source of variation } & \text { SS } & d f & M S & F \\\hline \text { Regression } & 3177.17 & 2 & 1588.6 & \\\text { Residual } & & 17 & 17.717 & \\\text { Total } & 3478.36 & 19 & & \\\hline\end{array}$$ How many predictors (independent variables) were used in the regression?

• A)20
• B)18
• C)3
• D)2

Understand the priority of mortgages and the impact of registration on that priority.

Apply knowledge of mortgage financing in land development scenarios, including the perspectives of developers, builders, and purchasers.

Interpret the reasons behind varying interest rates for first and second mortgages.

Evaluate potential outcomes and options for parties involved in mortgage defaults.