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Does the sign of the coefficient make sense. Consider the following computer output from a multiple regression analysis relating the price of a used car
Does the sign of the coefficient make sense.
Consider the following computer output from a multiple regression analysis relating the price of a used car to the variables: age of cor, mileage, and safety rating. Coefficients Coefficients Standard Error Stat P-value Intercept 47945.13 6239.87 7.684 0.0000 Age (Year) -24931.66 2997.80 -8.317 0.0000 Mileage -1530.29 124.42 - 12.299 0.0000 (in Thousands) Safety Rating -1716.58 2756.89 -0.623 0.5361 Does the sign of the coefficient for the variable safety rating make sense? Answer Tables Keypad Keyboard Shortcuts O Yes, because it is expected that as safety rating increases then the price should decrease. O Yes, because it is expected that as safety rating increases then the price should also increase. O No, because it is expected that as safety rating increases then the price should also increase. O No, because it is expected that as safety rating increases then the price should decreaseStep by Step Solution
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