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Exhibit 14-8

Question 15

Multiple Choice

Exhibit 14-8.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: Exhibit 14-8.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 (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:   .The following table shows a portion of the regression results.   Refer to Exhibit 14-8.The standard deviation of the difference between actual rent and the estimate of rent is: A) 40 B) 50.88 C) 193 D) 37310 .The following table shows a portion of the regression results. Exhibit 14-8.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 (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:   .The following table shows a portion of the regression results.   Refer to Exhibit 14-8.The standard deviation of the difference between actual rent and the estimate of rent is: A) 40 B) 50.88 C) 193 D) 37310 Refer to Exhibit 14-8.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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