For Exercises 11.59 to 11.61, see page 568; for 11.62 and 11.63, see page 571; for 11.64 to 11.66, see pages 474–575; for 11.67 and 11.68, see page 577; for 11.69 to 11.72, see page 580.

Question 11.66

11.66 Modeling the means.

CASE 11.3 Following the pattern in Example 11.21, use the output in Figure 11.19 to write the equations for the predicted mean price for the following:

  1. Homes with 1 bathroom.
  2. Homes with 1.5 bathrooms.
  3. Homes with 2 bathrooms.
  4. Homes with 2.5 bathrooms.
  5. How can we interpret the coefficient for one of the indicator variables, say Baths2, in language understandable to house shoppers?