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. Intercept Car Accidents (In last 3 years) Credit Score Safety Rating Answer Coefficients Standard Error 1071 192.78 - 117.81 -250.96 Does the sign of the coefficient for the variable safety rating make sense? Coefficients 109.78 20.34 12.34 24.95 t Stat 9.756 9.478: P-value 0.0000 0.0000 -9.547 0.0000 - 10.059 0.0000 O Yes, because it is expected that as the safety rating increases then the cost should decrease. O No, because it is expected that as the safety rating increases then the cost should also increase. O No, because it is expected that as the safety rating increases then the cost should decrease. O Yes, because it is expected that as the safety rating increases then the cost should also increase. Tables Keypad Keyboard Shortcuts

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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.
Intercept
Car Accidents
(In last 3 years)
Credit Score
Safety Rating
Answer
Coefficients Standard Error
1071
192.78
- 117.81
- 250.96
Does the sign of the coefficient for the variable safety rating make sense?
Coefficients
109.78
20.34
12.34
24.95
t Stat
9.756
9.478;
P-value
0.0000
0.0000
-9.547
0.0000
- 10.059 0.0000
O Yes, because it is expected that as the safety rating increases then the cost should decrease.
O No, because it is expected that as the safety rating increases then the cost should also increase.
O No, because it is expected that as the safety rating increases then the cost should decrease.
O Yes, because it is expected that as the safety rating increases then the cost should also increase.
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Transcribed Image Text: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. Intercept Car Accidents (In last 3 years) Credit Score Safety Rating Answer Coefficients Standard Error 1071 192.78 - 117.81 - 250.96 Does the sign of the coefficient for the variable safety rating make sense? Coefficients 109.78 20.34 12.34 24.95 t Stat 9.756 9.478; P-value 0.0000 0.0000 -9.547 0.0000 - 10.059 0.0000 O Yes, because it is expected that as the safety rating increases then the cost should decrease. O No, because it is expected that as the safety rating increases then the cost should also increase. O No, because it is expected that as the safety rating increases then the cost should decrease. O Yes, because it is expected that as the safety rating increases then the cost should also increase. Tables Keypad Keyboard Shortcuts
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