Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assuming a linear regression model is built and the result is as follows: Coefficients P-value Intercept 0.11 0.01 Counter Sales 0.2 001 Drive-through Sales 0.3

Assuming a linear regression model is built and the result is as follows: Coefficients P-value Intercept 0.11 0.01 Counter Sales 0.2 001 Drive-through Sales 0.3 0.01 pizza Vs. Caf 0.5 0.81 Burger Vs. Caf 0.4 0.02 What does the insignificant parameter of P-value 0.81 mean? Select one: a. Keep all the variables in the model b. There is no significant different between Pizza and Cafe and we can merge them in one category. c. The burger store is the only significant parameter d. Pizza store is insignificant and we need to delete the pizza store data e. Pizza stores and Cafe are insignificant and wee need to take them out from the model

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Discrete Mathematics With Applications

Authors: Susanna S Epp

5th Edition

0357035283, 9780357035283

More Books

Students also viewed these Mathematics questions

Question

3. Deal with less-severe problems later.

Answered: 1 week ago

Question

When should you avoid using exhaust brake select all that apply

Answered: 1 week ago

Question

5. How can I help others in the network achieve their goals?

Answered: 1 week ago