Homework Help is Here – Start Your Trial Now!
Math
Statistics
1) What is the slope(b1) and what is its statistical interpretation?

1) What is the slope(b1) and what is its statistical interpretation?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question

1) What is the slope(b1) and what is its statistical interpretation? 

2) Perform the test of hypothesis (t-test) on the following and state your statistical decision.

Use   α = 0.01. Please show all the relevant calculations. 

H0: β1 = 0

H1: β1 ≠ 0

3) Perform the test of hypothesis (F-test) on the following and state your statistical decision.

Use α = 0.01. Please show all the relevant calculations.  

H0: β1 = 0

H1: β1 ≠ 0

4) What is the coefficient of determination (r2) i.e., percentage of variability in the monthly rent explained by the independent variable rental property area? Please show all the relevant calculations.  

5) What is the 99% confidence interval for the population slope(β1)? Please show all the relevant calculations.?

 

Question B: Consider the partially completed Excel regression analysis shown below between the independent variable rental property area (in square feet) and the dependent variable monthly rent (in dollars) and answer the following questions. Regression Statistics Multiple R R Square Adjusted R Square Standard Error 0.64 Observations 14 ANOVA Significance df ss MS IF Regression Residual 0.83 0.415 Total 3 14.75 Standard Coefficients Error t Stat P-value Lower 95% Upper 95% Intercept 2.51 0.80 0.61 0.10
Transcribed Image Text:Question B: Consider the partially completed Excel regression analysis shown below between the independent variable rental property area (in square feet) and the dependent variable monthly rent (in dollars) and answer the following questions. Regression Statistics Multiple R R Square Adjusted R Square Standard Error 0.64 Observations 14 ANOVA Significance df ss MS IF Regression Residual 0.83 0.415 Total 3 14.75 Standard Coefficients Error t Stat P-value Lower 95% Upper 95% Intercept 2.51 0.80 0.61 0.10
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
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
SEE MORE TEXTBOOKS