1) Following the four steps in Ch 14: Handout #2, perform the hypothesis test to answer this question: Isthere a statistically significant relationship between Monthly Rent and Distance from parking? Use ana = 0.05 significance level. You can report the appropriate t test statistic from the output table above,but be aware that you could calculate it by hand using ttest = b₁/S₂. You can show the p-valueapproach only, and just report the p-value from the output (but the df=n-p-1, same as the SSE, ifyou want to check the CV approach too :).For the following questions, refer to the Regression Output Equations roadmap and the output above.2) How many observations were in this dataset? (n = number of observations)n=3) Identify the SSR, SSE, and SST on the output on page 1.SSR =SSE =SST =Which of these is minimized by the regression procedure, in order to determine the slope and interceptof the regression line?2 Worksheet #10An analyst for a shopping district would like to determine the rent that should be charged for retailspaces depending on how close they are to parking. The analyst takes a random sample of retail spacesin similar shopping districts and measures the monthly rent ($) and distance from parking (in yards) foreach retail space. This is the same regression you worked with in Worksheet #9.Here is the complete Excel output for this regression:SUMMARY OUTPUTRegression StatisticsMultiple RR SquareAdjusted RSquareStandard ErrorObservationsANOVARegressionResidualTotalInterceptDistance0.70760.50070.4918978.876158df15657Name:SSMS53809748.97 53809748.9753659115.74958198.4954107468864.7Coefficients Standard Error15003.10-11.42249.34641.5239t Stat60.17-7.49F56.1572P-value1.4E-525.28E-10SignificanceF5.28E-10Lower 95%14503.59-14.47Upper 95%15502.6-8.37NOTE: Excel uses scientific notation for very small numbers. So the p-value = 5.28E-10 = 5.28 x 10-10 =0.000000000528. In the hypothesis test, you may truncate that to 0.000. Very tiny p-values with morethan four zeroes after the decimal are often expressed as 0.000 or .000 when they are reported andinterpreted.1

The p-value for slope is 5.28E-10 = 0 which is less than 0.05 level of significance so the model is…

Answered: 1) Following the four steps in Ch 14:…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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