**Based on the regression results, answer the following questions**Data are collected on the income (measured in $1000’s of $’s), house value (measured in $1000’s of $’s), years in a home, age, sex (=1 for male, =0 for female), and the amount outstanding on a mortgage (measured in $1000’s of $’s). The dependent variable is income. Based on the regression results, answer the following questions e) Are any of the explanatory (independent) variables significant at the 10% level of significance? How do you know? f) What is the predicted value of income for a person that has been in a house for 5 years, is 38 years old, is a male, has a house valued at $250,000, and has $100,000 left on their mortgage? (g) What is the effect on the income of a person being a male versus a female? 4) Data are collected on the income (measured in $1000's of $'s), house value(measured in $1000's of S's), years in a home, age, sex (=1 for male, =0 for female),and amount outstanding on a mortgage (measured in $1000's of S's). The dependentvarlable is income.a) Complete the missing (highlighted) boxesSUMMARYOUTPUTRegression StatisticsMultiple RR SquareAdjusted R SquareStandard ErrorObservations.86625ANOVAdfSSMSFSignificance F3.47109E-05RegressionResidualTotal19.893.9811.396.640.35Coefficients Standard Error t Stat P-value Lower 95% Upper 95%InterceptValue28.2422.9860.0000.0290.0050.000Years0.6500.2410.014AgeSex|-0.0490.0310.1340.7230.2490.009Mortgage-0.000400.001270.75315

(e) The objective is to check if any of the explanatory (independent) variables significant at the…

Answered: Based on the regression results, answer…

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

Related questions

Question

100%

**Based on the regression results, answer the following questions** Data are collected on the income (measured in $1000’s of $’s), house value (measured in $1000’s of $’s), years in a home, age, sex (=1 for male, =0 for female), and the amount outstanding on a mortgage (measured in $1000’s of $’s). The dependent variable is income. Based on the regression results, answer the following questions e) Are any of the explanatory (independent) variables significant at the 10% level of significance? How do you know? f) What is the predicted value of income for a person that has been in a house for 5 years, is 38 years old, is a male, has a house valued at $250,000, and has $100,000 left on their mortgage? (g) What is the effect on the income of a person being a male versus a female?