Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 5 of?. Step 1 OH 51 18 Correct Consider the following computer output from a multiple regression analysis relating the cost of car insurance

image text in transcribed
Question 5 of?. Step 1 OH 51" 18 Correct Consider the following computer output from a multiple regression analysis relating the cost of car insurance to the variables: number of car accidenis. drr'ver's credit score, and safety rating of the car. Coefcients Coefcients Standard Error : Stat Pvalue Intercept 1186 123.871 9.575 0.0000 {IcnafaZt'gijzgl 213.43 21 .89 9.752 0.0000 Credit Score 130.4I5 14.20 9.l49 0.0000 Safety Rating 294.11 356.37 0.825 0.4128 Does the sign of the coefcient for the variable safety rating make sense? Answer 0 Yes, because it is expeC'ed that as the safeg/mting increases then the cost should decrease. 0 No. because it is expected that as the safety rating increases then the cost should also increase. 0 Yes, because it is expeC'ed that as the safeg/mting increases then the cost should also increase. 0 No, because it is expected that as the safety rating increases then the cost should decrease. Tables Keypad Keyboard Shortcuts

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

Finite Mathematics

Authors: Stefan Waner, Steven Costenoble

7th Edition

133751554X, 9781337515542

More Books

Students also viewed these Mathematics questions

Question

What are some of the topics they study?

Answered: 1 week ago