Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Santa Claus wants to estimate how many ounces of milk will be left at houses he visits based on (1) the assessed property value of

Santa Claus wants to estimate how many ounces of milk will be left at houses he visits based on (1) the assessed property value of the residence; (2) if the children of the household were naughty, nice, or some of each (mixed). Below are some data he took last year. Use the model to predict the amount of milk left for Santa at a $500,000 home of a child who was partly naughty, and partly nice (mixed).

image text in transcribed
Milk (ounces) Property Value ($1000) Behavior 0.0 240 0.0 160 3.3 150 0.0 525 2.0 600 0.0 800 0.0 850 11.9 220 10.2 360 12.5 125 8.1 610 7.8 840 9-8 550 11.7 250 11.1 110 5.0 240 9-0 450 8.6 960 6.1 180 14.0 750 2.0 660 Naughty Naughty Naughty Naughty Naughty Naughty Naughty Nice Nice Nice Nice Nice Nice Nice Mixed Mixed Mixed Mixed Mixed Mixed Mixed The R output for the full model with interactions is Estimate Std. Error t value Pr(>|t|) (Intercept) 7.2465705 Prop.Val.1000 0.0015146 BehaviorNaughty -5.7444806 BehaviorNice 6.0066658 Prop.Val.1000:BehaviorNaughty -0.0030829 Prop.Val.1000:BehaViorNice -0.0085443 1.8944850 3.8251 0.001656 0.0033608 0.4507 0.658670 2.7584885 -2.0825 0.054832 2.7938943 2.1499 0.048282 0.0049670 -0.6207 0.544125 0.0054161 -1.5776 0.135515 n = 21, p = 6, Residual SE = 2.64862, R-Squared = 0.78

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

Measure And Integral

Authors: Martin Brokate, Götz Kersting

1st Edition

331915365X, 9783319153650

More Books

Students also viewed these Mathematics questions