Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dr. Health is conducting research on monthly expenses for medical care, including over-the-counter medicine. His dependent variable is monthly expenses for medical care while his

image text in transcribed
image text in transcribed
Dr. Health is conducting research on monthly expenses for medical care, including over-the-counter medicine. His dependent variable is monthly expenses for medical care while his independent variable is number of family members. Below is his Excel output. REGRESSION SUMMARY OUTPUT \begin{tabular}{lr} \hline \multicolumn{1}{c}{ Regression Statistica } & \\ \hline Multiple R & 0.695 \\ R Square & 0.483 \\ Adjusted R Square & 0.474 \\ Standard Error & 55.278 \\ Observations & 21 \\ \hline \end{tabular} ANOVA \begin{tabular}{|c|c|c|c|c|} \hline & df & SS & MS. & F \\ \hline Regression & 1 & 99929.47 & 99929.47 & 32.70311 \\ \hline Residual & 19 & 58057.48 & 3055.657 & \\ \hline \multirow[t]{2}{*}{ Total } & 201 & 157987 & & \\ \hline & Coefficients & Standard Error & t Stot & P.value \\ \hline Intercept. & 110.47 & 3553407 & 3.109087 & 10,0057 \\ \hlinex & 16.83 & 0.819024 & 5.718663 & 0,00016 \\ \hline \end{tabular} Copy and paste this given regression output into ChatGPT Dr. Health is conducting research on monthly expenses for medical care, including over-the-counter medicine. His dependent variable is monthly expenses for medical care while his independent varlable is number of family members. Below is his Excel output. \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{\begin{tabular}{l} REGRESSION SUMMARY \\ OUTPUT \end{tabular}} \\ \hline Argerivion & \\ \hline Multigle R & cess \\ \hline Q Sequare & 0.43 \\ \hline Adivisted R Sevary & 0.474 \\ \hline Standard tiror & 55276 \\ \hline Observations & 21 \\ \hline \end{tabular} Novit \begin{tabular}{|c|c|c|c|c|} \hline & d & ss & MS & f \\ \hline Arsescien & 1 & 9m29,47 & 90029.A7 & 3.70111 \\ \hline Recldial & 13 & 56007.48 & 3055.657 & \\ \hline \multirow[t]{2}{*}{ Fotal } & 20 & 15087 & & \\ \hline & Cortheivents & Standard Creve & ishart & Araler \\ \hline insercept, & 110.47 & 3s s340r & 3.400047 & 70.0057 \\ \hlinex & & 0.419024 & s7nkes & 0.00015 \\ \hline \end{tabular} Copy and paste this given regression output into ChatGPT

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions