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A Real Estate Analyst Believes That the Three Main Factors

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A 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 + β1Bedroom + β2Bath + β3Sqft + ε. The following ANOVA table shows a portion of the regression results. A 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 coefficient of determination indicates that ________. A)  19.08% of the variation in Rent is explained by the sample regression equation B)  19.08% of the variation in square footage is explained by the sample regression equation C)  80.92% of the variation in Rent is explained by the sample regression equation D)  80.92% of the variation in square footage is explained by the sample regression equation The coefficient of determination indicates that ________.

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Definitions:

Social Development

The process by which individuals learn to interact with others and navigate the social aspects of their community.

Contextual Influences

The impact of environmental, social, or situational factors on individual behavior, attitudes, and perceptions.

Sexual Assault Prevention

Strategies and measures implemented to reduce and eliminate the risk of sexual violence against individuals.

Sexual Assault

Any type of sexual contact or behavior that occurs without the explicit consent of the recipient, ranging from groping to rape.

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