Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 18 A multiple regression is shown for a data set of yachts where the dependent variable is the price in thousands of dollars. Regression

image text in transcribed
image text in transcribed
Question 18 A multiple regression is shown for a data set of yachts where the dependent variable is the price in thousands of dollars. Regression Statistics Multiple R 0.82731 R Square 0.68445 Adjusted R Square 0.60030 Standard Error 37.40252 Observations 20 ANOVA dy SS MS F Significance F Regression 4 45515.77 11378.94 8.13 0.00107 Residual 15 20984.23 1398.95 Total 19 66500.00 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 120.50886 82.22254 1.46564 0.16339 -54.74434 295.76205 Rooms 7.46415 12.24022 0.60981 0.55112 -18.62526 33.55355 Age -1.7783 0.7179 -2.47713 0.02564 -0.33084 -0.02482 Length 2.82719 1.40160 2.01711 0.06195 -0.16025 5.81463 Nav. Equip. 0.35408 0.22411 1.57995 0.13497 -0.12360 0.83176 Based on this output, which of the independent variables appear to be significantly helping to predict the price of a yacht, using a 0.10 level of significance? Age and length Length and Nav. Equip. Age Rooms and Nav. Equip

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Differential Geometry And Continuum Mechanics

Authors: Gui Qiang G Chen, Michael Grinfeld, R J Knops

1st Edition

331918573X, 9783319185736

More Books

Students also viewed these Mathematics questions

Question

Describe how to distinguish needs from wants.

Answered: 1 week ago

Question

What is management growth? What are its factors

Answered: 1 week ago