Least squares were used to estimate the relationship between miles per gallon M, engine size S (liters), and the weights W (pounds) of 436 automobiles The t values are in brackets a Does the value 2 1414 seem reasonable b Does the value 0 0022 seem reasonable c Does the value 0 65 seem reasonable d...

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Least squares were used to estimate the relationship between miles per gallon M, engine size S (liters),

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Least squares were used to estimate the relationship between miles per gallon M, engine size S (liters), and the weights W (pounds) of 436 automobiles: image text in transcribed

The t values are in brackets.

a. Does the value −2.1414 seem reasonable?

b. Does the value −0.0022 seem reasonable?

c. Does the value 0.65 seem reasonable?

d. Is the coefficient of S statistically significant at the 5 percent level?

e. Is the coefficient of W statistically significant at the 5 percent level?

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Essential Statistics Regression And Econometrics

ISBN: 9780123822215

1st Edition

Authors: Gary Smith

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Question Posted: Mar 16, 2024 12:00 PM

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Least squares were used to estimate the relationship between miles per gallon M, engine size S (liters),

Question:

M = 38.6765-2.1414S - 0.0022W, R = 0.65 [13.2987] [8.6200]

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Essential Statistics Regression And Econometrics

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