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H eztomheducationocom M Question 11 - Wk 5 - Practice: Wk 5 Exer... Wk 5 - Practice: Wk 5 Exercises [due Day 5] 0 Saved
H eztomheducationocom M Question 11 - Wk 5 - Practice: Wk 5 Exer... Wk 5 - Practice: Wk 5 Exercises [due Day 5] 0 Saved Help Save 8. Exit Submit Check my work Refrigerator prices are affected by characteristics such as whether or not the refrigerator is on sale, whether or not it is listed as a Sub- Zero brand, the number of doors (one door or two doors), and the placement of the freezer compartment (top, side, or bottom). The table below shows the regression output from a regression model using the natural log of price as the dependent variable. The model 2 was developed by the Bureau of Labor Statistics. points Standard Variable Coefficient Error t Statistic Intercept 5.3300 0.12060 44.20 E Sale price -0.0773 0.0279 -2.77 eBook Sub-Zero brand 1.1991 0.1394 8.60 Total capacity (in cubic feet) 0.06167 0.00630 9.79 Two-door, freezer on bottom 0.05059 0.08569 0.59 g Twodoor, side freezer Base _ Twodoor, freezer on top 0.3126 0.03677 8.50 \"'m One door with freezer 0.7994 0.1355 5.90 One door, no freezer 0.8608 0.1411 6.10 rii (a) Write the regression model, being careful to exclude the base indicator variable. (Negative amounts should be indicated by a minus sign. Round your answers to 4 decimal places.) mm\" ___mmo~ References H eziotmheducationcom M Question 11 - Wk 5 - Practice: Wk 5 Exer... Wk 5 Practice: Wk 5 Exercises [due Day 5] 0 Saved Help Save& Exit Submit 2 (b) Find the pvalue for each coefcient, using 308 degrees of freedom. Using an a = .01, which predictor variable(s) are not signicant points predictors? (Leave no cells blank - be certain to enter "0" wherever required. Round your answers to 4 decimal places.) Q SaIePrI'ce eak Sub-Zero Capacity @ ZDooerBut Hint ZDooerTop IE 1000er 1DoorNon References (c) By how much does the natural log of refrigerator price decrease from a two-door, side freezer model to a two-door, top freezer model? (Round your answer to 4 decimal places.) The natural log of the price decreases by I l (:1) Which model demands a higher price: the side freezer or the one door with freezer model? %
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