e. How well does the equation explain gasoline prices? Be specific. ←↑€My PennWest LoginHome - myPennWes X1 66°FMostly cloudyD2L Learning Log 7 - Spi XeCampus: Choosing...1 of 2https://pennwest.brightspace.com/d2l/le/content/3518986/viewContent/35581116/Viewhttps://ecampus.vit... WeBWork: CMAT_2...SOURCEMODELERRORTOTALDashboardVARIABLESTANDARD ERROR Se (ROOT MSE)DEP MEANPOQGSUMDEPENDENT VARIABLE: PGSUM SQUARES5707.4311.626230.27Q SearchUse the "printout" below to answer questions on multiple regression that follow. PGis price of gasoline ($per gal). PO is the price of oil (Sper bbl). OG is the amount(1000 gal) of gasoline inventories. SUM is 1 during Summer, 0 otherwise. n=49.DF34548INTERCEPT 111DFDURBIN-WATSON D:(FOR NUMBER OF OBS.)PGCORRELATION MATRIX:PG1.00.00POQGPARAMETERESTIMATE19.926.01083-.077360.4831SUMX Q Learning Log 7 Assu X.119.023.257.017MULTIPLE REGRESSION+PO-119.02370%MEAN SQUARE1902.48.2582.89142.894PARAMETER ESTIMATESSTANDARDERROR19.0710.0020.0370.9011.41049QGSUM.257 -.846.017 .0181.00 .064 -.353.000.243 .337.064 1.00.243 .000.237.436-.846 -.353 .237 1.00.018 .337 .436 .000R-SQUARE .879ADJ R-SQ .873F VALUE7366.6T STATISTICCh. 1 Introduction -...-0.8425.520-2.0820.536PGShow your work ple XDELLPROB>FI0.0001QGMail - Sdhari Morris XStart Here, Go Any...qb+☆The Best Summary...I4)»Get Help4:56 PM4/5/2023xCHO+83

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How well does the equation explain gasoline prices? Be specific.

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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Question

e. How well does the equation explain gasoline prices? Be specific.

←
↑
€
My PennWest Login
Home - myPennWes X
1 66°F
Mostly cloudy
D2L Learning Log 7 - Spi X
eCampus: Choosing...
1 of 2
https://pennwest.brightspace.com/d2l/le/content/3518986/viewContent/35581116/View
https://ecampus.vit... WeBWork: CMAT_2...
SOURCE
MODEL
ERROR
TOTAL
Dashboard
VARIABLE
STANDARD ERROR Se (ROOT MSE)
DEP MEAN
PO
QG
SUM
DEPENDENT VARIABLE: PG
SUM SQUARES
5707.43
11.62
6230.27
Q Search
Use the "printout" below to answer questions on multiple regression that follow. PG
is price of gasoline ($per gal). PO is the price of oil (Sper bbl). OG is the amount
(1000 gal) of gasoline inventories. SUM is 1 during Summer, 0 otherwise. n=49.
DF
3
45
48
INTERCEPT 1
1
1
DF
DURBIN-WATSON D:
(FOR NUMBER OF OBS.)
PG
CORRELATION MATRIX:
PG
1.00
.00
PO
QG
PARAMETER
ESTIMATE
19.926
.01083
-.07736
0.4831
SUM
X Q Learning Log 7 Assu X
.119
.023
.257
.017
MULTIPLE REGRESSION
+
PO
-119
.023
70%
MEAN SQUARE
1902.48
.2582
.8914
2.894
PARAMETER ESTIMATES
STANDARD
ERROR
19.071
0.002
0.037
0.901
1.410
49
QG
SUM
.257 -.846
.017 .018
1.00 .064 -.353
.000
.243 .337
.064 1.00
.243 .000
.237
.436
-.846 -.353 .237 1.00
.018 .337 .436 .000
R-SQUARE .879
ADJ R-SQ .873
F VALUE
7366.6
T STATISTIC
Ch. 1 Introduction -...
-0.842
5.520
-2.082
0.536
PG
Show your work ple X
DELL
PROB>FI
0.0001
QG
Mail - Sdhari Morris X
Start Here, Go Any...
qb
+
☆
The Best Summary...
I
4)
»
Get Help
4:56 PM
4/5/2023
x
C
H
O
+
8
3

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Can you please explain the equation for the gasoline price?

y=B0+B1X1+e

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