Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 6 (1 point) () Listen You are working at Amazon and are analyzing what factors lead to a product having a higher rating. You
Question 6 (1 point) () Listen You are working at Amazon and are analyzing what factors lead to a product having a higher rating. You run a regression to estimate the following equation: Rating = Bo + 1(Price) + $2(Discuont %) + 83(Number of Ratings) + = Variable Descriptions: Rating - The average rating of the product from 1-5 stars Price - The price of the product measured in dollars Discount % - The percentage of the d Homework 6 ed (0-100%) Number of Ratings - The number of times the product has been rated SUMMARY OUTPUT Regression Statistics Multiple R 0.232660421 R Square 0. 054130872 Adjusted R Square 0.052118384 Standard Error 0.284360709 Observations 1414 ANOVA df SS MS F Significance F Regression 3 6.524875939 2.174958646 26.89749453 6.45167E-17 Residual 1410 114.0140279 0.080861013 Total 1413 120.5389038 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 4.148693265 0.019919207 208.2760232 4.109618795 4.187767735 Price 2.6632E-06 7.2937E-07 3.651366196 0.000270388 1.23243E-06 4.09397E-06 Discount (%) -0.002017497 0.000351389 -5.741499829 1.14749E-08 -0.002706798 -0.001328197 Number of Ratings 2.241E-06 4.292448-07 5.22081778 2.04799E-07 1.39898E-06 3.08303E-06 Which of the following would be the correct sample regression equation? O Rating = 4.15 + 2.665-06(Price) - 0.002(Discount %) + 2.245-06(Number of Ratings) + O Rating = 4.15 + 2.66E-06(Price) - 0.002(Discount %) + 2.248-06(Number of Ratings) O Rating = Bo + $1(Price) + B2(Discount %) + 83(Number of Ratings)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started