Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The data resulting from a random sample of 5 observations are shown below. Y is the dependent variable, and X1 and X2 are the independent

The data resulting from a random sample of 5 observations are shown below. Y is the dependent variable, and X1 and X2 are the independent variables.

Observation

Y

X1

X2

1

87

95

11

2

86

94

11

3

84

94

11

4

83

93

12

5

84

93

12

Use Excel's Regression tool to answer the following questions. To copy the data set, highlight the table, press Ctrl-c, click on the Excel cell to which you want to copy, then press Ctrl-v.

Fill in Multiple Blanks

For all numerical answers, show one (1) digit to the right of the decimal point, for example, 1.0, 1.2. Apply the appropriate rounding rule if necessary. Hint: You can use the Format Cell option in the Regression output so that it shows two digits after the decimal point. Excel will automatically round the values up or down, if necessary. 1. The estimated regression line is (enter the estimated coefficients in the appropriate space): yhat =____________ +____________ X1 +____________ X2 2. At 95% confidence, X1 (enter is, is not) significantly related to Y. 3. At 95% confidence, X2 (enter is, is not) significantly related to Y. 4. Predict Y when X1 = 94.8 and X2 = 11.2. Yhat = . 5. While testing for overall significance at 95% confidence, the null hypothesis (shown below) (enter should, should not) be rejected. Ho: beta1 = beta2 = 0

Ha: At least one of the beta's does not equal 0 6. True or false? About 77% of the variability in Y is explained by X1 and X2, and about 23% of the variability in Y is explained by the other factors not included in the regression. (Enter true, false).

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

Intermediate Microeconomics And Its Application

Authors: Walter Nicholson, Christopher M. Snyder

13th Edition

0357133064, 978-0357133064

More Books

Students also viewed these Accounting questions

Question

When and how will strategy reviews take place?

Answered: 1 week ago

Question

Do you know how you will monitor progress?

Answered: 1 week ago