Suppose the following data were collected relating the selling price of a house to a square footage and whether or not the house is made out of wood. Use statistical software to find the regression equation. Is there enough evidence to support the claim that on average wood houses are more expensive than other types of houses at the 0.05 level of significance? If yes, type the regression equation in the spaces provided with answers rounded to two decimal places. Else, select "There is not enough evidence" Selling Prices of HousesPriceSqftWood (1 if wood, 0 if otherwise)1986372197120478024901204200259602091842779019669623780221429298812232903385115674013601177254198501805331916018726219571234023337802296343327020747526950209448259612073472732019197620611199300231011999432499020798525741 Selecting a checkbox will replace the entered answer value(s) with the checkbox value. If the checkbox is not selected, the entered answer is used. Pricei= _________ +_________ SQFTi +_________WOODi +ei or is there not enough evidence

The hypothesis test is the test used to claim by the statistical procedure.The testing procedure has…

Answered: Suppose the following data were…

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter1: Functions

Section1.EA: Extended Application Using Extrapolation To Predict Life Expectancy

Problem 2EA

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Question

Suppose the following data were collected relating the selling price of a house to a square footage and whether or not the house is made out of wood. Use statistical software to find the regression equation. Is there enough evidence to support the claim that on average wood houses are more expensive than other types of houses at the 0.05 level of significance? If yes, type the regression equation in the spaces provided with answers rounded to two decimal places. Else, select "There is not enough evidence"

Selling Prices of Houses

Price	Sqft	Wood (1 if wood, 0 if otherwise)
198637	2197	1
204780	2490	1
204200	2596	0
209184	2779	0
196696	2378	0
221429	2988	1
223290	3385	1
156740	1360	1
177254	1985	0
180533	1916	0
187262	1957	1
234023	3378	0
229634	3327	0
207475	2695	0
209448	2596	1
207347	2732	0
191976	2061	1
199300	2310	1
199943	2499	0
207985	2574	1