Use the following information to answer the question(s) below.A home appraisal company would like to develop a regression model that would predict the selling price of a house based on the age of the house in years (Age), the living area of the house in square feet (Living Area) and the number of bedrooms (Bedrooms). The following Excel output shows the partially completed regression output from a random sample of homes that have recently sold.
Which one of the following statements is true concerning the 95% confidence interval for the regression coefficient for the Bedrooms variable?
▸ Because the confidence interval includes zero, we have evidence to conclude that there is a relationship between the number of bedrooms in a house and the selling price of the house.
▸ Because the confidence interval includes zero, we have evidence to conclude that there is no relationship between the number of bedrooms in a house and the selling price of the house.
▸ Because the confidence interval does not include zero, we have evidence to conclude that there is a relationship between number of bedrooms in a house and the selling price of the house.
▸ Because the confidence interval does not include zero, we have evidence to conclude that there is no relationship between the number of bedrooms in a house and the selling price of the house.
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