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I need this data put into an excel spreadsheet. Please refer to the data below for the data needed to be put into the excel

I need this data put into an excel spreadsheet. Please refer to the data below for the data needed to be put into the excel spreadsheet. Thank you.

  1. What is the interpretation of adjusted R-square for this problem?

R2 adjusted =0.7837.

The p-value of the regression coefficient of Capacity is 0.0683 >0.05. Hence at a 5% level of significance, we do not reject H0.

And p-value of the regression coefficient of Comfort is 0.0007 <0.05. Hence at a 5% level of significance, we reject H0.

  1. What price would you predict for a backpack with a mean capacity of 5700 (cubic inches) and comfort rating of 4? (1 point)

The price predicted for backup with a mean capacity of 5700 cubic inches and a comfort rating of 4 is 284.75.

356.12 - 0.10 x 5700 + 122.87 x 4 = 284.75

  1. Provide the appropriate test statistic and p-value for assessing whether there is evidence that comfort aids in predicting price.

Test statistics: t =(b2_cap- b2)/s.e(b2_cap) where s.e(b2_cap)= standard error of the b2_cap

t= 5.6361 and p-value=0.000785.

The p-value of the regression coefficient of Comfort is 0.0007 <0.05.

4. Provide an interpretation for the sample regression coefficient of Capacity. (1 point)

The sample regression coefficient of Capacity is -0.098744.

The unit increase in Capacity decreases the price by 0.0987.

5. Is the overall model significant at a 0.05 level of significance? Why or Why not. (1 point)

H0: The regression coefficient is not significantly different from 0. (i.e.,b1=b2=0)

against H1: the Regression coefficient is significantly different from 0.F= 17.31372 is greater than F critical value (2,7)=4.74 at a 5% level f significance

6. Does Capacity aid in predicting price at a 0.05 level of significance? Why or Why not.

Note that the p-value of the regression coefficient of Capacity is 0.0683 >0.05. Hence at a 5% level of significance, we do not reject H0.

Data for this scenario:

Manufacturer & Model

Capacity

Comfort

Price ($)

Camp Trails Paragon

4330

2

190

EMS 5500

5500

3

219

Lowe Almayo

5500

4

249

Marmot Muir

4700

3

249

Kelly Bigfoot

5200

4

250

Gregory Whitney

5500

4

340

Osprey 75

4700

4

389

Arc' Teryx Bora

5500

5

395

Dana Design Terraplane

5800

5

439

The Works @ Mystery

5000

5

525

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