Resorts & Spas, a magazine devoted to upscale vacations and accommodations, published its Readers Choice List of
Question:
a. Determine the estimated multiple linear regression equation that can be used to predict the overall score given the scores for comfort, amenities, and in-house dining.
b. Use the F test to determine the overall significance of the regression relationship. What is the conclusion at the 0.01 level of significance?
c. Use the t test to determine the significance of each independent variable. What is the conclusion for each test at the 0.01 level of significance?
d. Remove all independent variables that are not significant at the 0.01 level of significance from the estimated regression equation. What is your recommended estimated regression equation?
Step by Step Answer:
Essentials Of Business Analytics
ISBN: 611
1st Edition
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams