The commercial division of a real estate firm conducted a study to determine the extent of...

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The commercial division of a real estate firm conducted a studyto determine the extent of the relationship between annual grossrents ($1000s) and the selling price ($1000s) for apartmentbuildings. Data were collected on several properties sold. The datais...
df SS MS F Significance F
Regression 1 41976.4
Residual 7
Total 8 52373.2
Coefficients Standard Error t Stat P-value
Intercept 19 3.2213 6.21
Annual Gross Income 7.75 1.457806668 5.31620562
(a) How many apartments are there?
(b) Write the estimated regression equation
(c) Use the t-test to determine whether the selling price isrelated to annual gross rents. Use a=0.05
(d) Use the f-test to determine whether the selling price isrelated to annual gross rents. Use a=0.05
(e) Predict the selling price of an apartment building with grossannual rents of $52500

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ahere as degree of freedom of residual n27hence number of apartments n2729bfrm above estimated regression equation Yhat 19775xwhere Yhat is estimated selling price corresponding to x See Answer

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	df	SS	MS	F	Significance F
Regression	1	41976.4
Residual	7
Total	8	52373.2

	Coefficients	Standard Error	t Stat	P-value
Intercept	19	3.2213	6.21
Annual Gross Income	7.75	1.457806668	5.31620562