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Consider the following computer output from a multiple regression analysis relating the price of a used car to the variables: age of car, mileage, and
Consider the following computer output from a multiple regression analysis relating the price of a used car to the variables: age of car, mileage, and safety rating. Coefficients Coefficients Standard Error t Stat P-value Intercept 49314.99 6450.95 7.645 0.0000 Age (Year) -25890.57 3156.87 -8.201 0.0000 Mileage - 1584.68 (in Thousands) 127.77 - 12.402 0.0000 Safety Rating - 1762.27 2658.52 -0.663 0.5102 Does the sign of the coefficient for the variable safety rating make sense?0 Yes. because it is expected that as safety rating increases then the price should decrease. O No, because it is expected that as safety rating increases then the price should also increase. 0 No, because it is expected that as safety rating increases then the price should decrease. 0 Yes. because it is expected that as safety rating increases then the price should also increase
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