Assume you have noted the following prices for books and the number of pages that each book contains. Book Pages (x) 500 Price (v) $7.00 A 700 7.50 C 750 9.00 D 590 6.50 7.50 E 540 7.00 4.50 F 650 G 480 You decide to run a regression model to examine the relationship between the number of pages and prices for books and attach the results below. SUMMARY OUTPUT Regression Statistics 0.750 Multiple R R Square Adjusted RS 0.563 0.475 Standard Em 0.981 Observations 7.000 ANOVA SS Significance F 0.052 6.439 F df 1.000 MS Regression Residual Total 6.192 6.192 5.000 4.808 0.962 6.000 11.000 Coefficients Standard Ero. 1.042 I Stat 0.438 Lower 95% Upper 95% Lower 95.0% Upper 95.0% 7.152 0.020 P-value 2.377 7.152 5.069 Intercept Pages (x) 8. In the estimated regression equation above, 1.042 is the intercept 1.042 is the slope 2.377 is the intercept d. 0.004 is the slope 0.680 5.069 0.010 0.004 2.538 0.052 0.000 0.020 0.000 a. b. с. 9. The above equation implies that an increase of 1 in the number of pages is associated with an increase of S1.052 in prices b. increase of 1 in the number of pages is associated with an increase of $0.01 in prices increase of 1 in the number of pages is associated with an increase of $1.042 in prices d. a. с. increase of 1 in the number of pages is associated with an increase of S0.75 in prices

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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question 9

Assume you have noted the following prices for books and the number of pages that each book contains.
Вook
Price (v)
Pages (x)
500
A
$7.00
700
7.50
C
750
590
9.00
6.50
7.50
D
E
540
F
650
7.00
G
480
4.50
You decide to run a regression model to examine the relationship between the number of pages and prices for books and
attach the results below.
SUMMARY OUTPUT
Regression StatisticS
Multiple R
R Square
Adjusted RS
0.750
0.563
0.475
Standard Ere
0.981
Observations
7.000
ANOVA
MS
F
Significance F
0.052
df
Regression
1.000
6.192
6.192
6.439
Residual
5.000
4.808
0.962
Total
6.000
11.000
I Stat
0.438
Lower 95% Upper 95% Lower 95.0% Upper 95.0%
7.152
0.020
Coefficients Standard Ero.
P-value
Intercept
Pages (x)
8. In the estimated regression equation above,
1.042 is the intercept
1.042 is the slope
2.377 is the intercept
d. 0.004 is the slope
1.042
2.377
0.680
-5.069
-5.069
7.152
0.010
0.004
2.538
0.052
0.000
0.000
0.020
a.
b.
с.
9. The above equation implies that an
increase of 1 in the number of pages is associated with an increase of $1.052 in prices
increase of 1 in the number of pages is associated with an increase of S0.01 in prices
increase of I in the number of pages is associated with an increase of $1.042 in prices
d.
a.
b.
с.
increase of 1 in the number of pages is associated with an increase of S0.75 in prices
Transcribed Image Text:Assume you have noted the following prices for books and the number of pages that each book contains. Вook Price (v) Pages (x) 500 A $7.00 700 7.50 C 750 590 9.00 6.50 7.50 D E 540 F 650 7.00 G 480 4.50 You decide to run a regression model to examine the relationship between the number of pages and prices for books and attach the results below. SUMMARY OUTPUT Regression StatisticS Multiple R R Square Adjusted RS 0.750 0.563 0.475 Standard Ere 0.981 Observations 7.000 ANOVA MS F Significance F 0.052 df Regression 1.000 6.192 6.192 6.439 Residual 5.000 4.808 0.962 Total 6.000 11.000 I Stat 0.438 Lower 95% Upper 95% Lower 95.0% Upper 95.0% 7.152 0.020 Coefficients Standard Ero. P-value Intercept Pages (x) 8. In the estimated regression equation above, 1.042 is the intercept 1.042 is the slope 2.377 is the intercept d. 0.004 is the slope 1.042 2.377 0.680 -5.069 -5.069 7.152 0.010 0.004 2.538 0.052 0.000 0.000 0.020 a. b. с. 9. The above equation implies that an increase of 1 in the number of pages is associated with an increase of $1.052 in prices increase of 1 in the number of pages is associated with an increase of S0.01 in prices increase of I in the number of pages is associated with an increase of $1.042 in prices d. a. b. с. increase of 1 in the number of pages is associated with an increase of S0.75 in prices
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