Consider the following set of dependent and independent variables. These data can also be found in the

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Consider the following set of dependent and independent variables. These data can also be found in the Excel file Prob 152.xlsx.

y 47 42 40 40 31 26 23 18 10 x1 74 63 78 52 44 47 35 17 15 x2 22 29 20 17 13 17 8 15 10

a. Using PHStat, construct a multiple regression model with these data.

b. Interpret the meaning of the values for b1 and b2.

c. Provide an estimate for y when x1 = 50 and x2 = 15.AppendixLO1

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Business Statistics

ISBN: 9780133852288

2nd Edition

Authors: Robert A Donnelly, Robert Donnelly Jr

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