SUMMARY OUTPUT

Regression Statistics
Multiple R 0.97666825
R Square 0.95388087
Adjusted R S 0.94893953
Standard Erro 88.9145121
Observations 32

ANOVA
df SS MS F Significance F
Regression 3 4578427.37 1526142.46 193.041096 8.34956E-19
Residual 28 221362.133 7905.79047
Total 31 4799789.5

CoefficientsStandard Error t Stat P-value Lower 95% Upper 95% Lower 95.0%
Intercept 320.457993 295.141285 1.08577827 0.28683695 -284.111523 925.027509 -284.111523
Age 0.87814248 2.03215593 0.43212357 0.66896132 -3.28454024 5.0408252 -3.28454024
No. of Bidder-93.2648244 29.8916162 -3.12009976 0.00416459 -154.495024 -32.0346244 -154.495024
Interaction 1.29784582 0.2123326 6.11232488 1.35347E-06 0.86290221 1.73278943 0.86290221
Upper 95.0%
925.027509
5.0408252
-32.0346244
1.73278943
 Price Age No. of Bidders Interaction SUMMARY OUTPUT
$1,235 127 13 1651
$1,080 115 12 1380 Regression Statistics
$845 127 7 889 Multiple R 0.9446395695
$1,522 150 9 1350 R Square 0.8923439164
$1,047 156 6 936 Adjusted R Square 0.8849193589
$1,979 182 11 2002 Standard Error 133.48466784
$1,822 156 12 1872 Observations 32
$1,253 132 10 1320
$1,297 137 9 1233 ANOVA
$946 113 9 1017 df
$1,713 137 15 2055 Regression 2
$1,024 117 11 1287 Residual 29
$1,147 137 8 1096 Total 31
$1,092 153 6 918
$1,152 117 13 1521 Coefficients
$1,336 126 10 1260 Intercept -1338.95134
$2,131 170 14 2380 Age 12.740574097
$1,550 182 8 1456 No. of Bidders 85.952984369
$1,884 162 11 1782
$2,041 184 10 1840
$845 143 6 858 Regression SS (4283062.96): The variation in Price explained by
$1,483 159 9 1431 Residual SS (516726.54): The unexplained variation (error).
$1,055 108 14 1512 Total SS (4799789.5): The total variation in Price.
$1,545 175 8 1400 F-statistic (120.1881617): Measures the overall significance of th
$729 108 6 648 p-value (9.21636E-15): Since this value is much smaller than 0.0
$1,792 179 9 1611
$1,175 111 15 1665 Interpretation of Coefficients
$1,593 187 8 1496
$785 111 7 777 Intercept (-1338.95):
$744 115 7 805
$1,356 194 5 970 If Age and No. of Bidders were zero, the predicted price would b
$1,262 168 7 1176
Age (12.74):
$2,131 194 15 Max
$729 108 5 Min For each additional year in Age, the Price increases by $12.74, a
p-value (1.69276E-14) is much smaller than 0.05, meaning Age i

Number of Bidders (85.95):

For each additional bidder, the Price increases by $85.95, keepi

p-value (9.34495E-11) is also very significant.

Confidence Intervals (95%)

The Lower 95% and Upper 95% columns show the range within
Example: The true coefficient for Age is likely between 10.89 an
 p-value
SS MS F Significance F
4283062.960101 2141531.4801 120.18816168 9.2163586E-15 f test=
516726.5398993 17818.156548 mean square error
4799789.5 standard error=

Standard Error t Stat P-value Lower 95% Upper 95%

173.8094706624 -7.7035580131 1.705814E-08 -1694.4316166 -983.47106439
0.904740307139 14.082023313 1.692756E-14 10.8901724306 14.590975764 t stat=
8.728523288996 9.8473683948 9.344953E-11 68.1011500774 103.80481866 t stat=
confidence interval p-value=
p-value=
96): The variation in Price explained by Age and Number of Bidders. confidence interva
The unexplained variation (error).
e total variation in Price.
Measures the overall significance of the model. A high F-value indicates the model is statistically significant.
nce this value is much smaller than 0.05, the overall regression model is highly significant.

were zero, the predicted price would be negative, which is not realistic. This happens because extrapolation beyond the observed data ra

n Age, the Price increases by $12.74, assuming the Number of Bidders remains constant.
much smaller than 0.05, meaning Age is a highly significant predictor of Price.

er, the Price increases by $85.95, keeping Age constant.

also very significant.
er 95% columns show the range within which the true coefficient values are likely to fall 95% of the time.
ient for Age is likely between 10.89 and 14.59.
 120.1881617 120.18816168 If ppp-value < α\alphaα (e.g., 0.05), reject H0H_0H0​(at least one predictor is significant).
17818.15655
133.4846678

14.08202331 critical t-value= 2.04523 If |t-statistic| > critical t-value, we reject the null hypothesis and conclude that the
9.847368395 critical t-value= 2.04523
1.692756E-14
9.344953E-11
14.59097579 10.890172403

polation beyond the observed data range can be misleading.

e predictor is significant).

othesis and conclude that the variable is significant.

 Car

Mileage Horsepower Weight interaction SUMMARY OUTPUT

43.1 48 1985 95280
19.9 110 3365 370150 Regression Statistics
19.2 105 3535 371175 Multiple R 0.8940466
17.7 165 3445 568425 R Square 0.7993194
18.1 139 3205 445495 Adjusted R Square 0.7862315
20.3 103 2830 291490 Standard Error 3.7780695
21.5 115 3245 373175 Observations 50
16.9 155 4360 675800
15.5 142 4054 575668 ANOVA
18.5 150 3940 591000 df SS MS
27.2 71 3190 226490 Regression 3 2615.2465939 871.74886
41.5 76 2144 162944 Residual 46 656.595206102 14.273809
46.6 65 2110 137150 Total 49 3271.8418
23.7 100 2420 242000
27.2 84 2490 209160 Coefficients Standard Error t Stat
39.1 58 1755 101790 Intercept 85.071377 8.31321306438 10.233273
28.0 88 2605 229240 Horsepower -0.450771 0.1028614716 -4.38231
24.0 92 2865 263580 Weight -0.015238 0.00277989739 -5.481651
20.2 139 3570 496230 interaction 0.0001005 2.9707814E-05 3.3821051
20.5 95 3155 299725
28.0 90 2678 241020
34.7 63 2215 139545
36.1 66 1800 118800
35.7 80 1915 153200
20.2 85 2965 252025
23.9 90 3420 307800
29.9 65 2380 154700
30.4 67 3250 217750
36.0 74 1980 146520
22.6 110 2800 308000
36.4 67 2950 197650
27.5 95 2560 243200
33.7 75 2210 165750
44.6 67 1850 123950
32.9 100 2615 261500
38.0 67 1965 131655
24.2 120 2930 351600
38.1 60 1968 118080
39.4 70 2070 144900
25.4 116 2900 336400
31.3 75 2542 190650
34.1 68 1985 134980
34.0 88 2395 210760
31.0 82 2720 223040
27.4 80 2670 213600

Page 9
 Car

22.3 88 2890 254320

28.0 79 2625 207375
17.6 85 3465 294525
34.4 65 3465 225225
20.6 105 3380 354900

Page 10
 Car

F Significance F global f test

61.073317929 4.4826827E-16

P-value Lower 95% Upper 95% Lower 95.0%

Upper 95.0%
1.944862E-13 68.337747469 101.80500745 68.337747 101.80501
6.74709E-05 -0.6578202815 -0.2437214746 -0.65782 -0.243721
1.718913E-06 -0.020834071 -0.0096427845 -0.020834 -0.009643
0.0014769836 4.0676222E-05 0.0001602737 4.068E-05 0.0001603
to see the individual t-test is useful or not

Page 11
 Price Age No. of Bidders Interaction SUMMARY OUTPUT
$1,235 127 13 1651
$1,080 115 12 1380 Regression Statistics
$845 127 7 889 Multiple R 0.9766682479
$1,522 150 9 1350 R Square 0.9538808664
$1,047 156 6 936 Adjusted R Square 0.9489395307
$1,979 182 11 2002 Standard Error 88.91451215
$1,822 156 12 1872 Observations 32
$1,253 132 10 1320
$1,297 137 9 1233 ANOVA
$946 113 9 1017 df
$1,713 137 15 2055 Regression 3
$1,024 117 11 1287 Residual 28
$1,147 137 8 1096 Total 31
$1,092 153 6 918
$1,152 117 13 1521 Coefficients
$1,336 126 10 1260 Intercept 320.45799335
$2,131 170 14 2380 Age 0.8781424755
$1,550 182 8 1456 No. of Bidders -93.264824365
$1,884 162 11 1782 Interaction 1.2978458238
$2,041 184 10 1840
$845 143 6 858
$1,483 159 9 1431
$1,055 108 14 1512
$1,545 175 8 1400
$729 108 6 648
$1,792 179 9 1611
$1,175 111 15 1665
$1,593 187 8 1496
$785 111 7 777
$744 115 7 805
$1,356 194 5 970
$1,262 168 7 1176

$2,131 194 15 Max

$729 108 5 Min
 SS MS F Significance F
4578427.366816 1526142.4556 193.04109579 8.3495597E-19
221362.1331844 7905.7904709
4799789.5

Standard Error t Stat P-value Lower 95% Upper 95%

295.1412849788 1.0857782685 0.286836952 -284.11151463 925.02750134
2.032155929901 0.4321235701 0.6689613151 -3.2845401894 5.0408251404
29.89161615195 -3.1200997594 0.0041645886 -154.49502356 -32.03462517
0.212332598443 6.1123248777 1.353474E-06 0.86290221847 1.7327894291
 x x-square y
3.55 12.62 22.62
4.44 19.69 29.69
8.31 69.10 79.10
4.62 21.38 31.38
5.47 29.96 39.96
6.62 43.83 53.83
4.89 23.96 33.96
5.69 32.36 42.36
4.09 16.75 26.75
5.97 35.62 45.62
7.44 55.34 65.34
2.44 5.93 15.93
9.70 94.02 104.02
2.85 8.12 18.12
0.57 0.32 10.32
0.27 0.08 10.08
5.49 30.09 40.09
0.62 0.38 10.38
1.42 2.02 12.02
4.69 22.00 32.00
SUBJECT IGG MAXOXY maxoxy square SUMMARY OUTPUT
1 881 34.6 1197.16
2 1290 45 2025 Regression Statistics
3 2147 62.3 3881.29 Multiple R 0.968344
4 1909 58.9 3469.21 R Square 0.9376902
5 1282 42.5 1806.25 Adjusted R 0.9330747
6 1530 44.3 1962.49 Standard Er106.42652
7 2067 67.9 4610.41 Observatio 30
8 1982 58.5 3422.25
9 1019 35.6 1267.36 ANOVA
10 1651 49.6 2460.16 df SS MS F
11 752 33 1089 Regression 2 4602211 2301105 203.15932
12 1687 52 2704 Residual 27 305818.33 11326.605
13 1782 61.4 3769.96 Total 29 4908029
14 1529 50.2 2520.04
15 969 34.1 1162.81 Coefficients
Standard Error t Stat P-value
16 1660 52.5 2756.25 Intercept -1464.404 411.40121 -3.559553 0.0014011
17 2121 69.9 4886.01 MAXOXY 88.307097 16.4735 5.3605545 1.158E-05
18 1382 38.8 1505.44 maxoxy squ -0.536247 0.1581868 -3.389961 0.0021651
19 1714 50.6 2560.36
20 1959 69.4 4816.36
21 1158 37.4 1398.76
22 965 35.1 1232.01
23 1456 43 1849
24 1273 44.1 1944.81
25 1418 49.8 2480.04
26 1743 54.4 2959.36
27 1997 68.5 4692.25
28 2177 69.5 4830.25
29 1965 63 3969
30 1264 43.2 1866.24
Significance F
5.327E-17

Lower 95% Upper 95%Lower 95.0%

Upper 95.0%
-2308.53 -620.2787 -2308.53 -620.2787
54.506266 122.10793 54.506266 122.10793
-0.86082 -0.211675 -0.86082 -0.211675
Weight Distance interaction weight square distance square Cost SUMMARY OUTPUT
5.9 47 277.3 34.81 2209 2.6
3.2 145 464 10.24 21025 3.9 Regression Statistics
4.4 202 888.8 19.36 40804 8 Multiple R
6.6 160 1056 43.56 25600 9.2 R Square
0.75 280 210 0.5625 78400 4.4 Adjusted R Square
0.7 80 56 0.49 6400 1.5 Standard Error
6.5 240 1560 42.25 57600 14.5 Observations
4.5 53 238.5 20.25 2809 1.9
0.6 100 60 0.36 10000 1 ANOVA
7.5 190 1425 56.25 36100 14
5.1 240 1224 26.01 57600 11 Regression
2.4 209 501.6 5.76 43681 5 Residual
0.3 160 48 0.09 25600 2 Total
6.2 115 713 38.44 13225 6
2.7 45 121.5 7.29 2025 1.1
3.5 250 875 12.25 62500 8 Intercept
4.1 95 389.5 16.81 9025 3.3 Weight
8.1 160 1296 65.61 25600 12.1 Distance
7 260 1820 49 67600 15.5 interaction
1.1 90 99 1.21 8100 1.7 weight square
distance square
ARY OUTPUT

gression Statistics
0.9969597
0.9939287
0.9917604
0.4427784
20

df SS MS F Significance F
5 449.34076 89.868152 458.38763 5.371E-15
14 2.7447384 0.1960527
19 452.0855

CoefficientsStandard Ert Stat P-value Lower 95% Upper 95% Lower 95.0 Upper 95.0%
0.8270158 0.7022894 1.1775999 0.2585877 -0.679245 2.3332767 -0.679245 2.3332767
-0.609137 0.1799041 -3.3859 0.0044356 -0.994993 -0.223281 -0.994993 -0.223281
0.0040207 0.0079984 0.5026877 0.6229985 -0.013134 0.0211756 -0.013134 0.0211756
0.0073271 0.0006374 11.494696 1.622E-08 0.0059599 0.0086943 0.0059599 0.0086943
0.0897508 0.0202054 4.4419201 0.000558 0.0464145 0.1330872 0.0464145 0.1330872
1.507E-05 2.243E-05 0.6717804 0.5126573 -3.304E-05 6.318E-05 -3.304E-05 6.318E-05
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.9969597
R Square 0.9939287
Adjusted R 0.9917604
Standard Er0.4427784
Observatio 20

ANOVA
df SS MS F Significance F
Regression 5 449.34076 89.868152 458.38763 5.371E-15
Residual 14 2.7447384 0.1960527
Total 19 452.0855

Coefficients
Standard Error t Stat P-value Lower 95% Upper 95%Lower 95.0% Upper 95.0%
Intercept 0.8270158 0.7022894 1.1775999 0.2585877 -0.679245 2.3332767 -0.679245 2.3332767
Weight -0.609137 0.1799041 -3.3859 0.0044356 -0.994993 -0.223281 -0.994993 -0.223281
Distance 0.0040207 0.0079984 0.5026877 0.6229985 -0.013134 0.0211756 -0.013134 0.0211756
interaction 0.0073271 0.0006374 11.494696 1.622E-08 0.0059599 0.0086943 0.0059599 0.0086943
weight squ 0.0897508 0.0202054 4.4419201 0.000558 0.0464145 0.1330872 0.0464145 0.1330872
distance sq 1.507E-05 2.243E-05 0.6717804 0.5126573 -3.304E-05 6.318E-05 -3.304E-05 6.318E-05
COST CARGO X1 X2 SUMMARY OUTPUT
17.2 Fragile 1 0
11.1 Fragile 1 0 Regression Statistics
12 Fragile 1 0 Multiple R 0.8800517
10.9 Fragile 1 0 R Square 0.7744909
13.8 Fragile 1 0 Adjusted R 0.7369061
6.5 SemiFrag 0 1 Standard Er 2.404371
10 SemiFrag 0 1 Observatio 15
11.5 SemiFrag 0 1
7 SemiFrag 0 1 ANOVA
8.5 SemiFrag 0 1 df SS MS F
2.1 Durable 0 0 Regression 2 238.252 119.126 20.606469
1.3 Durable 0 0 Residual 12 69.372 5.781
3.4 Durable 0 0 Total 14 307.624
7.5 Durable 0 0
2 Durable 0 0 Coefficients
Standard Error t Stat P-value
Intercept 3.26 1.0752674 3.031804 0.0104316
X1 9.74 1.5206578 6.405123 3.377E-05
X2 5.44 1.5206578 3.5773993 0.0038004
Significance F
0.0001315

Lower 95% Upper 95%Lower 95.0%

Upper 95.0%
0.9171936 5.6028064 0.9171936 5.6028064
6.4267714 13.053229 6.4267714 13.053229
2.1267714 8.7532286 2.1267714 8.7532286
CONTRACT COST DOTEST DOTEST^2 STATUS STA * DOT STA * DOT^2
1 1379.4 1386.3 1921827.7 1 1386.3 1921827.69
2 134 85.7 7344.49 1 85.7 7344.49
3 202.3 248.9 61951.21 0 0 0
4 397.1 467.5 218556.25 0 0 0
5 158.5 117.7 13853.29 1 117.7 13853.29
6 1128.1 1008.9 1017879.2 1 1008.9 1017879.21
7 400.3 473 223729 1 473 223729
8 581.6 785.4 616853.16 0 0 0
9 354 370 136900 0 0 0
10 138.7 174.3 30380.49 0 0 0
11 383.7 410.9 168838.81 1 410.9 168838.81
12 3910.9 3405.9 11600155 1 3405.9 11600154.81
13 362.9 386 148996 0 0 0
14 196.5 235.4 55413.16 0 0 0
15 638 627.4 393630.76 0 0 0
16 152.1 175.4 30765.16 1 175.4 30765.16
17 375 432.3 186883.29 0 0 0
18 2284.6 1499 2247001 1 1499 2247001
19 551.5 497.7 247705.29 1 497.7 247705.29
20 239.7 194.7 37908.09 1 194.7 37908.09
21 207.9 168 28224 1 168 28224
22 640.5 767.8 589516.84 0 0 0
23 230.5 260.3 67756.09 1 260.3 67756.09
24 299.9 247 61009 1 247 61009
25 2368.8 2456.8 6035866.2 0 0 0
26 496.5 879.4 773344.36 0 0 0
27 1564.9 1303.4 1698851.6 1 1303.4 1698851.56
28 7387 6107.9 37306442 0 0 0
29 195.7 199.1 39640.81 0 0 0
30 830.5 715.5 511940.25 1 715.5 511940.25
31 179.1 208.7 43555.69 0 0 0
32 150.3 199.1 39640.81 0 0 0
33 240.1 429.2 184212.64 0 0 0
34 586.8 709.9 503958.01 0 0 0
35 537.2 676.4 457516.96 0 0 0
36 392.7 490.6 240688.36 0 0 0
37 216.5 406.5 165242.25 0 0 0
38 1559.4 1925.3 3706780.1 0 0 0
39 88.3 143.1 20477.61 0 0 0
40 268.4 308.1 94925.61 0 0 0
41 189 269.6 72684.16 0 0 0
42 192.8 227.7 51847.29 0 0 0
43 256.2 436.8 190794.24 0 0 0
44 113.6 132.4 17529.76 0 0 0
45 125 121.6 14786.56 0 0 0
46 116.6 114.2 13041.64 0 0 0
47 143.1 172.7 29825.29 0 0 0
48 36.2 64.4 4147.36 0 0 0
49 2518.4 3124.4 9761875.4 0 0 0
50 1353.5 1617.5 2616306.3 0 0 0
51 332.8 376.4 141676.96 0 0 0
52 202.5 300.3 90180.09 0 0 0
53 6043.3 7075 50055625 0 0 0
54 2280.8 2823.9 7974411.2 0 0 0
55 99.9 119 14161 1 119 14161
56 1461.6 1774.7 3149560.1 0 0 0
57 1217.6 1341.1 1798549.2 0 0 0
58 258.4 306.4 93880.96 0 0 0
59 115.4 117.9 13900.41 0 0 0
60 463.9 540 291600 0 0 0
61 728.9 763 582169 0 0 0
62 3929.9 3941.6 15536211 0 0 0
63 181.7 194.8 37947.04 0 0 0
64 479.5 487.2 237363.84 0 0 0
65 93.5 92.4 8537.76 0 0 0
66 2301.1 2505.6 6278031.4 0 0 0
67 136.1 181.1 32797.21 0 0 0
68 144.1 252.9 63958.41 0 0 0
69 65.2 84.8 7191.04 0 0 0
70 161.3 164 26896 0 0 0
71 1138.5 1254.6 1574021.2 0 0 0
72 84.8 97.6 9525.76 0 0 0
73 749.1 859.3 738396.49 0 0 0
74 43.7 41.1 1689.21 0 0 0
75 2920.7 2812.5 7910156.3 0 0 0
76 32.6 40 1600 0 0 0
77 1115.1 1148.5 1319052.3 0 0 0
78 50.7 59.9 3588.01 0 0 0
79 2229.3 2434.6 5927277.2 0 0 0
80 2159.8 2698.6 7282442 0 0 0
81 45.9 61.9 3831.61 0 0 0
82 127.3 137.5 18906.25 0 0 0
83 147.8 143.3 20534.89 1 143.3 20534.89
84 470.7 447.8 200524.84 0 0 0
85 188.7 202.5 41006.25 0 0 0
86 4765.2 5035.9 25360289 0 0 0
87 168.5 163.7 26797.69 0 0 0
88 95.9 95.6 9139.36 0 0 0
89 106.9 107.9 11642.41 0 0 0
 90 698.5 646.4 417832.96 0 0 0
91 796 969.7 940318.09 0 0 0
92 689.7 801.6 642562.56 0 0 0
93 831.8 906.8 822286.24 0 0 0
94 2150.2 2161.4 4671650 0 0 0
95 169.8 187.3 35081.29 0 0 0
96 923.6 887.4 787478.76 0 0 0
97 2527.5 2616.8 6847642.2 0 0 0
98 726.6 778.3 605750.89 0 0 0
99 1187.1 1573.5 2475902.3 0 0 0
100 138 149.3 22290.49 0 0 0
101 147.6 162.2 26308.84 0 0 0
102 94.2 116.1 13479.21 0 0 0
103 580.5 675.4 456165.16 0 0 0
104 445.5 435 189225 0 0 0
105 110.5 120.1 14424.01 0 0 0
106 45.2 68.3 4664.89 0 0 0
107 800.6 1031.5 1063992.3 0 0 0
108 495.5 541.8 293547.24 0 0 0
109 1370.1 1377.9 1898608.4 0 0 0
110 607.5 809.1 654642.81 0 0 0
111 152.7 161.2 25985.44 0 0 0
112 728.2 917 840889 0 0 0
113 181.6 146.5 21462.25 0 0 0
114 462.9 504.8 254823.04 0 0 0
115 169.4 144.5 20880.25 0 0 0
116 2473.3 2618.2 6854971.2 0 0 0
117 2346.8 2447.8 5991724.8 0 0 0
118 170.4 196.8 38730.24 0 0 0
119 77.8 109.9 12078.01 0 0 0
120 4770.9 7511.3 56419628 0 0 0
121 303.3 341.2 116417.44 0 0 0
122 396 419 175561 0 0 0
123 150.6 174.5 30450.25 0 0 0
124 1404.1 1573.8 2476846.4 0 0 0
125 1691.7 1627.1 2647454.4 0 0 0
126 5196.2 6365.1 40514498 0 0 0
127 3815.9 4960.8 24609537 0 0 0
128 122.6 95.4 9101.16 0 0 0
129 1571.2 1759.2 3094784.6 0 0 0
130 4385.5 5556.8 30878026 0 0 0
131 4497.6 5186.3 26897708 0 0 0
132 23.7 32.5 1056.25 0 0 0
133 1048.9 1040.5 1082640.3 0 0 0
134 239.5 315.1 99288.01 0 0 0
135 260.6 351.8 123763.24 0 0 0
136 138.9 123.3 15202.89 0 0 0
137 128.4 151.9 23073.61 0 0 0
138 285 316 99856 0 0 0
139 77.3 101 10201 0 0 0
140 5411.5 5086.3 25870448 0 0 0
141 3864.6 3991 15928081 0 0 0
142 2976 2832.4 8022489.8 0 0 0
143 257.5 205.9 42394.81 1 205.9 42394.81
144 36.4 42 1764 0 0 0
145 182.5 223.1 49773.61 0 0 0
146 1367.1 1433.6 2055209 0 0 0
147 76.8 75.3 5670.09 1 75.3 5670.09
148 1747.9 1493.5 2230542.3 0 0 0
149 5734.4 5427.3 29455585 0 0 0
150 5884.7 6097.4 37178287 0 0 0
151 346.5 331.1 109627.21 0 0 0
152 646.4 818.5 669942.25 0 0 0
153 760.8 718.2 515811.24 1 718.2 515811.24
154 169.8 175.9 30940.81 1 175.9 30940.81
155 138.8 151.6 22982.56 0 0 0
156 346.8 394.2 155393.64 0 0 0
157 1082.2 1085.9 1179178.8 0 0 0
158 253.7 270.9 73386.81 0 0 0
159 433.1 545.3 297352.09 0 0 0
160 10270.5 10467.4 109566463 0 0 0
161 1398 1414.7 2001376.1 0 0 0
162 2140.9 2152 4631104 0 0 0
163 6584.1 5949.4 35395360 0 0 0
164 666.8 641.5 411522.25 0 0 0
165 108.1 99.6 9920.16 0 0 0
166 106.1 95.3 9082.09 0 0 0
167 549.6 413.1 170651.61 1 413.1 170651.61
168 1272 949.5 901550.25 1 949.5 901550.25
169 122.8 132.3 17503.29 0 0 0
170 359.4 333.4 111155.56 0 0 0
171 1731.5 1672.5 2797256.3 0 0 0
172 31.7 28.3 800.89 0 0 0
173 3300 2805.9 7873074.8 1 2805.9 7873074.81
174 480.6 480.3 230688.09 0 0 0
175 673.1 655.8 430073.64 0 0 0
176 117 99.9 9980.01 1 99.9 9980.01
177 1157.4 891.2 794237.44 1 891.2 794237.44
178 166.8 132 17424 1 132 17424
179 668.5 596.9 356289.61 1 596.9 356289.61
180 7622.2 7871.2 61955789 0 0 0
181 201.3 182.9 33452.41 0 0 0
182 1270.1 1306.3 1706419.7 1 1306.3 1706419.69
183 1055.1 1148.7 1319511.7 0 0 0
184 5212.2 5090.9 25917263 0 0 0
185 5654.9 5447.6 29676346 1 5447.6 29676345.76
186 856.5 938.1 880031.61 0 0 0
187 89 66.1 4369.21 1 66.1 4369.21
188 200 169 28561 1 169 28561
189 234 179.7 32292.09 0 0 0
190 116.6 125.8 15825.64 0 0 0
191 82.1 93 8649 0 0 0
192 207.8 214.3 45924.49 0 0 0
193 463.3 474.9 225530.01 0 0 0
194 7385.6 8460.9 71586829 0 0 0
195 91.7 100.3 10060.09 0 0 0
196 546.2 622.9 388004.41 0 0 0
197 740.3 810.3 656586.09 0 0 0
198 888.4 883.3 780218.89 1 883.3 780218.89
199 656.8 750.8 563700.64 1 750.8 563700.64
200 1884.4 1550.5 2404050.3 1 1550.5 2404050.25
201 4448.1 4197.8 17621525 1 4197.8 17621524.84
202 258.2 181.9 33087.61 1 181.9 33087.61
203 1949.6 1880.8 3537408.6 1 1880.8 3537408.64
204 235.3 230.8 53268.64 1 230.8 53268.64
205 35.2 39.2 1536.64 0 0 0
206 244.8 221.9 49239.61 1 221.9 49239.61
207 648.9 563.9 317983.21 1 563.9 317983.21
208 391.5 358.5 128522.25 1 358.5 128522.25
209 267.8 249.9 62450.01 1 249.9 62450.01
210 2130 2019.9 4079996 0 0 0
211 301.2 303.2 91930.24 1 303.2 91930.24
212 1077.9 878.7 772113.69 1 878.7 772113.69
213 927.4 902 813604 0 0 0
214 241.7 244 59536 1 244 59536
215 65.8 82.4 6789.76 0 0 0
216 1208.4 1230.3 1513638.1 0 0 0
217 9453.4 9479.7 89864712 0 0 0
218 7098.1 8296.8 68836890 0 0 0
219 912.1 1137.7 1294361.3 0 0 0
220 260 319.6 102144.16 1 319.6 102144.16
221 8992.3 10743.6 115424941 0 0 0
222 339.9 428.8 183869.44 0 0 0
223 833.7 859.7 739084.09 1 859.7 739084.09
224 4833.8 6225 38750625 0 0 0
225 271.9 223.9 50131.21 1 223.9 50131.21
226 2966.3 4433.5 19655922 0 0 0
227 577.4 701.1 491541.21 0 0 0
228 10480.3 10276.3 105602342 0 0 0
229 462.4 444.2 197313.64 0 0 0
230 2558.2 2741.1 7513629.2 0 0 0
231 2814.9 2816.7 7933798.9 0 0 0
232 119.8 122.2 14932.84 0 0 0
233 3184.9 3373 11377129 0 0 0
234 473.2 548 300304 0 0 0
235 400.5 496.7 246710.89 0 0 0
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.9885738963
R Square 0.9772783485
Adjusted R Square 0.9767822426
Standard Error 296.64294042
Observations 235

ANOVA
df SS MS F Significance F
Regression 5 866726151.0541 173345230.21 1969.8985538 5.877182E-186
Residual 229 20151320.80869 87997.034099
Total 234 886877471.8628

Coefficients Standard Error t Stat P-value Lower 95%

Intercept -2.9720800621 30.89109213311 -0.0962115567 0.9234366965 -63.839186258
DOTEST 0.9155275779 0.02917050374 31.385387995 6.650904E-85 0.85805067998
DOTEST^2 7.1913907E-07 3.4041845E-06 0.2112514961 0.8328789042 -5.9883887E-06
STATUS -36.728995773 74.77240576494 -0.4912105662 0.6237479593 -184.05884551
STA * DOT 0.3242279474 0.119173319231 2.7206420822 0.0070157213 0.08941154638
STA * DOT^2 -3.576196E-05 2.47845366E-05 -1.4429143138 0.1504110431 -8.4596851E-05
 Upper 95% Lower 95.0% Upper 95.0%
57.895026134 -63.839186258 57.895026134
0.9730044758 0.85805068 0.9730044758
7.426667E-06 -5.988389E-06 7.426667E-06
110.60085397 -184.05884551 110.60085397
0.5590443484 0.0894115464 0.5590443484
1.307293E-05 -8.459685E-05 1.307293E-05
 Property
Appraised Size age SUMMARY
Value (sq. feet) Age interaction size square square OUTPUT
$ 4,660,000 2,297 46 105,662 5,276,209 2116
$ 3,640,000 2,192 51 111,792 4,804,864 2601 Regression Statistics
$ 4,290,000 1,630 29 47,270 2,656,900 841 Multiple R
$ 5,484,000 4,608 18 82,944 21,233,664 324 R Square
$ 4,059,000 2,549 46 117,254 6,497,401 2116 Adjusted R Squ
$ 3,741,000 2,290 88 201,520 5,244,100 7744 Standard Error
$ 3,150,000 1,808 48 86,784 3,268,864 2304 Observations
$ 7,497,400 5,015 7 35,105 25,150,225 49
$ 2,177,000 2,229 52 115,908 4,968,441 2704 ANOVA
$ 6,357,000 1,300 15 19,500 1,690,000 225
$ 3,507,000 1,763 54 95,202 3,108,169 2916 Regression
$ 4,550,000 4,200 48 201,600 17,640,000 2304 Residual
$ 3,562,000 2,520 46 115,920 6,350,400 2116 Total
$ 2,717,000 1,148 12 13,776 1,317,904 144
$ 3,043,000 1,693 64 108,352 2,866,249 4096
$ 2,884,000 1,714 52 89,128 2,937,796 2704 Intercept

Property Size
$ 3,967,000 3,849 44 169,356 14,814,801 1936 (sq. feet)
$ 6,135,000 6,545 46 301,070 42,837,025 2116 Age
$ 3,141,000 1,722 52 89,544 2,965,284 2704 interaction
$ 3,635,000 1,435 78 111,930 2,059,225 6084
$ 3,643,000 2,755 71 195,605 7,590,025 5041
$ 3,051,000 1,148 97 111,356 1,317,904 9409
$ 4,417,000 3,636 45 163,620 13,220,496 2025 525822538767
$ 3,531,000 1,474 41 60,434 2,172,676 1681 2.383168E+12
$ 4,633,000 2,281 40 91,240 5,202,961 1600 0.2206401525
$ 3,200,000 4,626 82 379,332 21,399,876 6724
$ 3,328,400 1,889 54 102,006 3,568,321 2916
$ 2,766,000 1,228 44 54,032 1,507,984 1936
$ 3,970,000 1,492 34 50,728 2,226,064 1156
$ 2,219,000 852 94 80,088 725,904 8836
$ 6,814,000 2,828 54 152,712 7,997,584 2916
$ 6,060,000 1,148 74 84,952 1,317,904 5476
$ 4,579,000 2,169 23 49,887 4,704,561 529
$ 9,127,000 3,761 41 154,201 14,145,121 1681
$ 4,167,000 1,359 31 42,129 1,846,881 961
$ 7,266,000 2,427 54 131,058 5,890,329 2916
$ 3,931,000 1,540 76 117,040 2,371,600 5776
$ 6,124,000 2,348 54 126,792 5,513,104 2916
$ 3,554,000 2,217 85 188,445 4,915,089 7225
$ 2,990,000 1,750 19 33,250 3,062,500 361
$ 4,710,000 2,130 51 108,630 4,536,900 2601
$ 5,107,000 1,377 44 60,588 1,896,129 1936
$ 5,177,000 2,497 52 129,844 6,235,009 2704
$ 8,733,000 4,116 45 185,220 16,941,456 2025
$ 8,547,000 3,372 37 124,764 11,370,384 1369
$ 3,748,000 1,503 88 132,264 2,259,009 7744
$ 5,430,000 2,348 54 126,792 5,513,104 2916
$ 5,540,000 1,148 22 25,256 1,317,904 484
$ 3,652,000 1,377 53 72,981 1,896,129 2809
$ 8,118,000 4,560 43 196,080 20,793,600 1849
$ 7,118,000 5,563 65 361,595 30,946,969 4225
$ 5,987,000 2,778 54 150,012 7,717,284 2916
$ 6,513,000 2,775 52 144,300 7,700,625 2704
$ 5,111,000 2,296 104 238,784 5,271,616 10816
$ 3,793,000 1,377 65 89,505 1,896,129 4225
$ 7,860,000 2,116 72 152,352 4,477,456 5184
$ 7,687,000 3,535 36 127,260 12,496,225 1296
$ 6,799,000 2,348 54 126,792 5,513,104 2916
$ 6,158,000 3,329 49 163,121 11,082,241 2401
$ 7,664,000 3,606 34 122,604 13,003,236 1156
Regression Statistics
0.56968711
0.3245434
0.28835823
1515933.64
60

df SS MS F Significance F
3 6.18335E+13 2.06112E+13 8.9689605 6.039E-05
56 1.28691E+14 2.29805E+12
59 1.90525E+14

Coefficients Standard Error t Stat P-value Lower 95% Upper 95%Lower 95.0%Upper 95.0%
3102453.42 1056525.887 2.93646702 0.0048096 985977.75 5218929 985977.75 5218929

1038.35529 381.9844587 2.71831816 0.0087178 273.14847 1803.5621 273.14847 1803.5621

-339.07738 18751.19099 -0.018082978 0.9856369 -37902.23 37224.072 -37902.23 37224.072
-6.1134786 7.3788446 -0.828514351 0.4108966 -20.89508 8.6681233 -20.89508 8.6681233

0.410896594

0.68643603
Step 3: Compare with the Critical Value

Using an F-distribution table or Excel (=F.DIST.RT(F, df1, df2)), we find the critical value for F(1,56)F(1,56)F(1
The critical value is 4.00.
Since F = 0.6864 < 4.00, we fail to reject H0H_0H0​.

Step 4: Conclusion

The interaction term does not significantly improve the model (p=0.41p = 0.41p=0.41, which is much greater tha
We should use the reduced model, as it is simpler and does not lose predictive accuracy.
Final Answer:
The F-test value is 0.6864, which is not significant, meaning the interaction term can be removed from the mod

Would you like a step-by-step Excel or Python guide to perform this test? 😊
 SUMMAR
Y
OUTPUT

Regression Statistics
Multiple R 0.5623734
R Square 0.3162638
Adjusted R 0.2922731
Standard Er 1511758
Observatio 60

ANOVA
df SS MS F Significance F
Regression 2 6.0256E+13 3.0128E+13 13.182743 1.969E-05
Residual 57 1.30269E+14 2.2854E+12
Total 59 1.90525E+14

CoefficientsStandard Error t Stat P-value Lower 95% Upper 95%Lower 95.0%

Upper 95.0%
Intercept 3746158 713998.3608 5.24673203 2.368E-06 2316401 5175915 2316401 5175915

Property
Size
(sq. feet) 752.41435 163.2589685 4.60871681 2.328E-05 425.49391 1079.3348 425.49391 1079.3348
Age -13720.84 9499.300224 -1.44440493 0.1540999 -32742.86 5301.1845 -32742.86 5301.1845

value for F(1,56)F(1,56)F(1,56) at α=0.05\alpha = 0.05α=0.05.

which is much greater than 0.05).

be removed from the model.
Upper 95.0%