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For this question, use the following multiple regression output (which may differ from the output in other questions, even though the variables are the same).
For this question, use the following multiple regression output (which may differ from the output in other questions, even though the variables are the same).
SUMMARY OUTPUT | ||||||
Regression Statistics | ||||||
Multiple R | 0.732 | |||||
R Square | 0.536 | |||||
Adjusted R Square | 0.511 | |||||
Standard Error | 4451.652 | |||||
Observations | 100 | |||||
ANOVA | ||||||
df | SS | MS | F | Significance F | ||
Regression | 5 | 2148222488 | 429644497.6 | 21.680 | 2.246E-14 | |
Residual | 94 | 1862816975 | 19817201.86 | |||
Total | 99 | 4011039463 | ||||
Coefficients | Standard Error | t Stat | P-value | Lower 95% | Upper 95% | |
Intercept | 528.896 | 2512.847 | 0.210 | 0.8338 | -4460.421 | 5518.213 |
Annual Income ($1000) | 139.220 | 15.531 | 8.964 | 2.936E-14 | 108.382 | 170.058 |
Household Size | 821.824 | 232.404 | 3.536 | 0.0006 | 360.381 | 1283.266 |
Education | -1104.740 | 299.596 | -3.687 | 0.0004 | -1699.595 | -509.885 |
TV Hours | 20.638 | 27.201 | 0.759 | 0.4499 | -33.371 | 74.646 |
Age | -8.312 | 45.476 | -0.183 | 0.8554 | -98.607 | 81.982 |
Find the predicted annual charges for a 44-year old customer with an annual income of $65 (thousand), a household size of 5, 2 years of post-high school education, 32 hours of watching television per week.
Group of answer choices
$10,755
$398
$27,964
$8,155
$11,773
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