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Which predictors are considered significant if we work with α=0.05? Which predictors can be eliminated?

FloorArea: square feet of floor space Offices: number of offices in the building Entrances: number of customer entrances Age: age of the building (years) AssessedValue: tax assessment value (thousands of dollars) Use the data to construct a model that predicts the tax assessment value assigned to medical office buildings with specific characteristics. Construct a scatter […]

Discuss What would be the assessed value of a medical office building with a floor area of 3500 sq. ft., 2 offices, that was built 15 years ago? Is this assessed value consistent with what appears in the database?

The Excel file for this assignment contains a database with information about the tax assessment value assigned to medical office buildings in a city. The following is a list of the variables in the database: FloorArea: square feet of floor space Offices: number of offices in the building Entrances: number of customer entrances Age: age […]

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