An Real Estate Analyst Believes That the Three Main Factors

question 125

Multiple Choice

An 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 + β₁ Bedroom + β₂ Bath + β₃ Sqft + ε.The following ANOVA table shows a portion of the regression results. The standard deviation of the difference between actual rent and the estimate of rent is ____.

• A) 40
• B) 50.88
• C) 193
• D) 37310

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Definitions:

Cash Flow

The total amount of money being transferred into and out of a business, project, or financial product.

Umbilical Cord

A flexible cordlike structure containing blood vessels, connecting a fetus in the womb to the placenta, and supplying the fetus with oxygen and nutrients while removing waste products.

Placenta

An organ that develops during pregnancy, facilitating nutrient uptake, waste elimination, and gas exchange via the mother's blood supply.

Allantois

A membranous sac that develops from the posterior part of the yolk sac in the embryos of mammals, birds, and reptiles, involved in respiration and excretion.