Question
Brand & Model Price Quality Score Landice L7 2175 Excellent 88 NordicTrack S3000 2625 Very good 87 True Z4 HRC 1725 Excellent 83 Vision Fitness
Brand & Model | Price | Quality | Score |
Landice L7 | 2175 | Excellent | 88 |
NordicTrack S3000 | 2625 | Very good | 87 |
True Z4 HRC | 1725 | Excellent | 83 |
Vision Fitness T9500 | 1500 | Excellent | 83 |
Precor M 9.31 | 2250 | Excellent | 89 |
Vision Fitness T9200 | 975 | Very good | 80 |
Star Trac TR901 | 2400 | Excellent | 74 |
Trimline T350HR | 1200 | Very good | 74 |
Schwinn 820p | 975 | Very good | 71 |
Bowflex 7-Series | 1125 | Excellent | 85 |
NordicTrack S1900 | 1950 | Excellent | 85 |
Evo Fitness FX30 | 1275 | Very good | 77 |
ProForm 1000S | 1200 | Very good | 73 |
Horizon Fitness 4.5 | 750 | Good | 72 |
NordicTrack C2300 | 750 | Good | 68 |
Spirit Inspire | 1050 | Good | 68 |
ProForm 750 | 750 | Good | 65 |
Let "Excellent" be a binary variable equal to 1 if the quality rating is excellent, 0 otherwise.
Let "VeryGood" be another binary variable equal to 1 if the quality rating is very good, 0 otherwise.
Develop a multiple regression model to predict the overall score given the price and the quality ratings. (Use 4 decimals in your answers.)
Score = + Price + Excellent + VeryGood
Is "Price" variable significant at alpha=0.10? Enter yes or no:
Is "Excellent" variable significant at alpha=0.10? Enter yes or no:
Is "VeryGood" variable significant at alpha=0.10? Enter yes or no:
Take the insignificant variable out. Run the model with the remaining variables.
What is the adjusted coefficient of determination of the updated model?
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