Consider the following computer output from a multiple regression analysis relating the cost of car insurance to the variables: number of car accidents, driver’s credit score, and safety rating of the car.Coefficients CoefficientsStandard Errort� StatP-valueIntercept74974982.5982.599.0699.0690.00000.0000Car Accidents(In last 3 years)−134.82−134.82148.76148.76−0.906−0.9060.36870.3687Credit Score−82.39−82.399.689.68−8.511−8.5110.00000.0000Safety Rating−130.14−130.1413.0613.06−9.965−9.9650.00000.0000Does the sign of the coefficient for the variable number of car accidents make sense?

The objective of the question is to understand if the sign of the coefficient for the variable…

Answered: Consider the following computer output…

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

Consider the following computer output from a multiple regression analysis relating the cost of car insurance to the variables: number of car accidents, driver’s credit score, and safety rating of the car.

Coefficients

	Coefficients	Standard Error	t� Stat	P-value
Intercept	749749	82.5982.59	9.0699.069	0.00000.0000
Car Accidents (In last 3 years)	−134.82−134.82	148.76148.76	−0.906−0.906	0.36870.3687
Credit Score	−82.39−82.39	9.689.68	−8.511−8.511	0.00000.0000
Safety Rating	−130.14−130.14	13.0613.06	−9.965−9.965	0.00000.0000