Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The data provides information pertaining to the points scored, number of times on pole, number of wins, number of top 5 finishes, number of top

image text in transcribed The data provides information pertaining to the points scored, number of times on pole, number of wins, number of top 5 finishes, number of top 10 finishes and total earnings from winnings for 35 Formula 1 drivers (though the names are real, the numbers are fictional). Your task is as follows: 1. Utilizing the variables provided to you, what would be your regression equation if you want to predict winnings utilizing all the other variables except the driver name? Please use multiple regression for this. 2. Does the variable "Top 5" affect the relationship between "Top 10" and "Winnings"? Create a separate multiple regression table for this and interepret the outcome.

Top 5 5 1 Wins 1 3 0 3 1 0 4 1 1 0 3 3 2 0 3 1 1 2 4 3 3 1 0 2 1 1 0 0 Driver Points Poles Max Verstappen 2393 Pierre Gasly 2393 Sergio Prez 2335 Felipe Nasr 2320 Fernando Alonso 2309 Charles Leclerc 2294 Lance Stroll 2280 Stoffel Vandoorne 2277 Kevin Magnussen 2274 Esteban Gutierrez 2274 Yuki Tsunoda 2252 Alexander Albon 2236 Guanyu Zhou 1037 Daniil Kvyat 1031 Nico Hlkenberg 1003 Daniel Ricciardo 987 Jolyon Palmer 937 Esteban Ocon 927 Lando Norris 926 Lewis Hamilton 925 Roy Nissany 922 Mick Schumacher 920 Sebastian Vettel 896 Pietro Fittipaldi Carlos Sainz 836 Nicholas Latifi 810 George Russell 785 Kimi Rikknen 747 Valtteri Bottas 660 Romain Grosjean 562 Robert Kubica 531 Nikita Mazepin Pascal Wehrlein 388 Callum Ilott 258 Antonio Giovinazzi 182 0 3 0 1 0 0 2 2 2 2 0 1 0 1 0 0 Top 10 Winnings (Euros) 9 19 36,730,518,750 19 26 47,733,693,750 9 19 34,858,912,500 12 20 34,782,637,500 10 14 28,618,537,500 14 21 35,417,025,000 4 12 23,420,756,250 13 18 33,259,668,750 5 14 30,381,693,750 9 17 29,829,487,500 8 16 33,392,643,750 14 18 34,655,737,500 4 16 31,690,968,750 8 15 26,860,275,000 1 10 27,143,775,000 3 10 24,289,031,250 4 8 21,677,006,250 3 12 22,250,025,000 5 12 26,720,943,750 2 5 21,418,762,500 2 8 28,241,887,500 2 10 21,548,868,750 4 8 23,645,587,500 4 6 21,690,056,250 3 7 24,198,075,000 2 5 25,761,712,500 2 4 26,970,581,250 1 3 24,608,081,250 1 2 25,344,281,250 1 2 21,815,943,750 0 0 15,965,550,000 1 1 18,164,306,250 0 0 16,133,737,500 0 0 12,779,381,250 0 0 14,397,187,500 Oooo 0 892 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 498 0 0 0 0 0 0 0 0

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_2

Step: 3

blur-text-image_3

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

Construction Industry IRS Audit Techniques Guide

Authors: Internal Revenue Service

1st Edition

1304131920, 978-1304131928

More Books

Students also viewed these Accounting questions