Question
4. Run a linear regression analysis to examine what are the important factors that determine the revenue. More specifically, consider the following equation: [Revenue] =
4. Run a linear regression analysis to examine what are the important factors that determine the revenue. More specifically, consider the following equation:
[Revenue] = ?0
+ ?1 * [status]
+ ?2 * [number of visits]
+ ?3 * [Gender]
paste the Excel output below. (See lecture 11 materials for regression.)
Based on the regression, please answer question 4.1 and 4.2 . (Please highlight your choice.)
4.1. Among the independent variables, what is(are) the variable(s) whose impact(s) on the dependent variable(=revenue) is significantly different from zero (with ? = .05)? [16 points]a) statusb) visitc) visit and statusd) visit, status, and gender4.2. Given the estimated regression equation, what is the predicted revenue ($) from an AFC member with the following profile: [16 points]
- [status]: retired (=1)
- [number of visits]: 10 times
- [Gender]: Female (=1)
a) 716.0
b) 448.6
c) 482.6
d) 617.6
[Hint for 4.1: conduct the regression and read the 'P-value' for each coefficient. If P-value ?, thevariable does not have significant impact.]
DATA:
weight classes circuit station pool visits daypart doctor wom vert speaker location article other fitness social alenjoy 69 gender educatincome status WNWWWW WWHNAN ONN 0 OOHCO HMMOOOOOHCOMM HOOHOHN WWWNWStep by Step Solution
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