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 956 97.23 9.832 0.0000 Car Accidents 172.08 18.24 9.434 0.0000 (In last 3 years) Credit Score Safety Rating 105.16 201.03 0.523 0.6030 -207.81 20.46 - 10.157 0.0000 Does the sign of the coefficient for the variable credit score make sense? Answer No, because it is expected that as the credit score increases then the cost should decrease. ○ No, because it is expected that as the credit score increases then the cost should also increase. ○ Yes, because it is expected that as the credit score increases then the cost should decrease. ○ Yes, because it is expected that as the credit score increases then the cost should also increase. Tables Keypad Keyboard Shortcuts
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 956 97.23 9.832 0.0000 Car Accidents 172.08 18.24 9.434 0.0000 (In last 3 years) Credit Score Safety Rating 105.16 201.03 0.523 0.6030 -207.81 20.46 - 10.157 0.0000 Does the sign of the coefficient for the variable credit score make sense? Answer No, because it is expected that as the credit score increases then the cost should decrease. ○ No, because it is expected that as the credit score increases then the cost should also increase. ○ Yes, because it is expected that as the credit score increases then the cost should decrease. ○ Yes, because it is expected that as the credit score increases then the cost should also increase. Tables Keypad Keyboard Shortcuts
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question

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.
Coefficients
Coefficients
Standard Error
t Stat
P-value
Intercept
956
97.23
9.832
0.0000
Car Accidents
172.08
18.24
9.434
0.0000
(In last 3 years)
Credit Score
Safety Rating
105.16
201.03
0.523
0.6030
-207.81
20.46
- 10.157
0.0000
Does the sign of the coefficient for the variable credit score make sense?
Answer
No, because it is expected that as the credit score increases then the cost should decrease.
○ No, because it is expected that as the credit score increases then the cost should also increase.
○ Yes, because it is expected that as the credit score increases then the cost should decrease.
○ Yes, because it is expected that as the credit score increases then the cost should also increase.
Tables
Keypad
Keyboard Shortcuts
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