Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

QUESTION 8 Highway gasoline mileage (dependent variable) and engine displacement (independent variable). Test for the significance of the regression. Use = 0.01. What is the

QUESTION 8

  1. Highway gasoline mileage (dependent variable) and engine displacement (independent variable). Test for the significance of the regression. Use = 0.01. What is the p-value and what is your conclusion about the significance of the regression?
Engine Displacement MPG
215 30.8
201 32.5
196 35.4
226 28.1
226 24.4
348 24.1
226 28.5
348 24.2
148 32.8
226 28
122 41.3
215 30
215 28.2
148 34.1
500 18.7
348 20.3
165 35.1
148 37.9
148 33.8
500 25.9
148 26.4

a. The p-value = 0.00 and the regressionissignificant.
b. The p-value = 0.00 and the regression isnotsignificant.
c. The p-value = 0.05 and the regressionissignificant
d. The p-value = 0.05 and the regression isnotsignificant.

QUESTION 9

  1. What is the standard error for the slope? Round your answer to two significant digits.

QUESTION 10

  1. What is thelower limitof a two-sided 95% confidence interval on theslope? Round your answer to two significant digits.

QUESTION 11

  1. What is theupper limitof a two-sided 95% confidence interval on theintercept? Round your answer to four significant digits.

QUESTION 12

  1. What is thelower limitof a two-sided 95% confidence interval on themeanhighway gasoline mileage when the engine displacement is x = 150 in3? Round your answer to four significant digits.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Principles of Economics

Authors: Gregory Mankiw

7th edition

128516587X, 978-1285165875

Students also viewed these Mathematics questions