Create two new independent variables: Top 25 and Top 610. Top 25 represents the number of times the driver finished between second and fifth place
Create two new independent variables: Top 2–5 and Top 6–10. Top 2–5 represents the number of times the driver finished between second and fifth place and Top 6–10 represents the number of times the driver finished between sixth and tenth place. Develop an estimated regression equation that can be used to predict Winnings ($)using Poles, Wins, Top 2–5, and Top 6–10. Test for individual significance and discuss your findings and conclusions. - Please do not hand write response.
| Driver | Points | Poles | Wins | Top 5 | Top 10 | Winnings ($) |
| Tony Stewart | 2403 | 1 | 5 | 9 | 19 | 6,529,870 |
| Carl Edwards | 2403 | 3 | 1 | 19 | 26 | 8,485,990 |
| Kevin Harvick | 2345 | 0 | 4 | 9 | 19 | 6,197,140 |
| Matt Kenseth | 2330 | 3 | 3 | 12 | 20 | 6,183,580 |
| Brad Keselowski | 2319 | 1 | 3 | 10 | 14 | 5,087,740 |
| Jimmie Johnson | 2304 | 0 | 2 | 14 | 21 | 6,296,360 |
| Dale Earnhardt Jr. | 2290 | 1 | 0 | 4 | 12 | 4,163,690 |
| Jeff Gordon | 2287 | 1 | 3 | 13 | 18 | 5,912,830 |
| Denny Hamlin | 2284 | 0 | 1 | 5 | 14 | 5,401,190 |
| Ryan Newman | 2284 | 3 | 1 | 9 | 17 | 5,303,020 |
| Kurt Busch | 2262 | 3 | 2 | 8 | 16 | 5,936,470 |
| Kyle Busch | 2246 | 1 | 4 | 14 | 18 | 6,161,020 |
| Clint Bowyer | 1047 | 0 | 1 | 4 | 16 | 5,633,950 |
| Kasey Kahne | 1041 | 2 | 1 | 8 | 15 | 4,775,160 |
| A.J. Allmendinger | 1013 | 0 | 0 | 1 | 10 | 4,825,560 |
| Greg Biffle | 997 | 3 | 0 | 3 | 10 | 4,318,050 |
| Paul Menard | 947 | 0 | 1 | 4 | 8 | 3,853,690 |
| Martin Truex Jr. | 937 | 1 | 0 | 3 | 12 | 3,955,560 |
| Marcos Ambrose | 936 | 0 | 1 | 5 | 12 | 4,750,390 |
| Jeff Burton | 935 | 0 | 0 | 2 | 5 | 3,807,780 |
| Juan Montoya | 932 | 2 | 0 | 2 | 8 | 5,020,780 |
| Mark Martin | 930 | 2 | 0 | 2 | 10 | 3,830,910 |
| David Ragan | 906 | 2 | 1 | 4 | 8 | 4,203,660 |
| Joey Logano | 902 | 2 | 0 | 4 | 6 | 3,856,010 |
| Brian Vickers | 846 | 0 | 0 | 3 | 7 | 4,301,880 |
| Regan Smith | 820 | 0 | 1 | 2 | 5 | 4,579,860 |
| Jamie McMurray | 795 | 1 | 0 | 2 | 4 | 4,794,770 |
| David Reutimann | 757 | 1 | 0 | 1 | 3 | 4,374,770 |
| Bobby Labonte | 670 | 0 | 0 | 1 | 2 | 4,505,650 |
| David Gilliland | 572 | 0 | 0 | 1 | 2 | 3,878,390 |
| Casey Mears | 541 | 0 | 0 | 0 | 0 | 2,838,320 |
| Dave Blaney | 508 | 0 | 0 | 1 | 1 | 3,229,210 |
| Andy Lally* | 398 | 0 | 0 | 0 | 0 | 2,868,220 |
| Robby Gordon | 268 | 0 | 0 | 0 | 0 | 2,271,890 |
| J.J. Yeley | 192 | 0 | 0 | 0 | 0 | 2,559,500 |
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
To create the new variables Top 25 and Top 610 we will sum the number of times a driver finished between second and fifth place and between sixth and tenth place respectively The resulting dataset wil...
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Authors: Michael Sullivan III
4th Edition
978-032184460, 032183870X, 321844602, 9780321838704, 978-0321844606
