1 Consider an estimated linear regression model with a response Y and four predictors X1, X2, X3, and X4, based on a random sample of 25 sales agents of medical supplies in 3 regions of the province. Y is annual sales in 1000$, X1 in 100$, X2 in 100$, X3 in %, and X4 in 1000$. The regression results are given below. Coefficients Standard Error Intercept -593.53745 259.19585 2.51314 0.31428 0.74239 4.63566 0.37181 X1 X2 X3 X4 1.90595 2.65101 -0.12073 Type your numerical answer here. Find the lower limit of the change in the mean response in dollars, for a unit change in X1 with a 95% confidence level, assuming that the other predictors remain unchanged over the period.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
1
Consider an estimated linear regression model with a response Y and four predictors X1, X2, X3,
and X4, based on a random sample of 25 sales agents of medical supplies in 3 regions of the
province. Y is annual sales in 1000$, X1 in 100$, X2 in 100$, X3 in %, and X4 in 1000$. The
regression results are given below.
Coefficients Standard Error
Intercept -593.53745 259.19585
2.51314
0.31428
1.90595
0.74239
2.65101
4.63566
-0.12073
0.37181
X1
X2
X3
X4
Type your numerical answer here.
Numbers only
Find the lower limit of the change in the mean response in
dollars, for a unit change in X1 with a 95% confidence
level, assuming that the other predictors remain unchanged
over the period.
Transcribed Image Text:1 Consider an estimated linear regression model with a response Y and four predictors X1, X2, X3, and X4, based on a random sample of 25 sales agents of medical supplies in 3 regions of the province. Y is annual sales in 1000$, X1 in 100$, X2 in 100$, X3 in %, and X4 in 1000$. The regression results are given below. Coefficients Standard Error Intercept -593.53745 259.19585 2.51314 0.31428 1.90595 0.74239 2.65101 4.63566 -0.12073 0.37181 X1 X2 X3 X4 Type your numerical answer here. Numbers only Find the lower limit of the change in the mean response in dollars, for a unit change in X1 with a 95% confidence level, assuming that the other predictors remain unchanged over the period.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman