Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Clearlystateyourestimatedconditionalexpectationfunction(sampleregressionline). Notethatyoudonotneedtoestimateyourequationmanually,butratheryoushould simplywritedownyoursampleregressionlineusingtheestimatedinterceptand coefficient of X given inyoursummaryregressionoutput from Excel. (1 mark) SUMMARY OUTPUT Regression Statistics Multiple R 0.11697735 R Square 0.0136837 Adjusted R Square
Clearlystateyourestimatedconditionalexpectationfunction(sampleregressionline).
Notethatyoudonotneedtoestimateyourequationmanually,butratheryoushould simplywritedownyoursampleregressionlineusingtheestimatedinterceptand coefficient ofXgiven inyoursummaryregressionoutput from Excel. (1 mark)
SUMMARY OUTPUT Regression Statistics Multiple R 0.11697735 R Square 0.0136837 Adjusted R Square -0.01160646 Standard Error 36715.5276 Observations 41 ANOVA Significance df SS MS F F Regression 1 729376004 729376004 0.54106809 0.46639138 Residual 39 5.2573E+10 1348029965 Total 40 5.3303E+10 Standard Coefficients Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 142049.5290 13918.3791 10.2059 1.4322E-12 113896.9500 170202.1079 113896.9500 170202.1079 3 1529.9253 2079.9086 0.7356 0.46639138 -2677.0870 5736.9375 -2677.0870 5736.9375Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started