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Confidence interval for the coefficient of age

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Reference no: EM131227007

A real estate agent wished to estimate the relationship between the resale value in dollars of a house (PRICE), their age in years (AGE), the number of bedrooms (BED) and the number of previous owners (OWN). The following model was estimated from a sample of 64 homes (the t statistics for the coefficients are in parentheses)

PRICE = 225788 - 888.25AGE + 989.2OWN - 174.88BED

(12.47) ( -7.76) (11.25) ( -2.44)

Construct a 95% confidence interval for the coefficient of AGE. Report the upper limit only correct to one decimal place.

Reference no: EM131227007

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