Consider the following computer output from a multiple regression analysis relating the price of a used car to the variables: age of car, mileage, and safety rating. Coefficients Coefficients Standard Error t� Stat P-value Intercept 42465.6942465.69 5320.545320.54 7.9817.981 0.00000.0000 Age (Year) −21096.02−21096.02 2551.522551.52 −8.268−8.268 0.00000.0000 Mileage(in Thousands) −1312.73−1312.73 103.02103.02 −12.743−12.743 0.00000.0000 Safety Rating 1533.821533.82 165.72165.72 9.2559.255 0.00000.0000 Does the sign of the coefficient for the variable safety rating make sense?
Consider the following computer output from a multiple regression analysis relating the price of a used car to the variables: age of car, mileage, and safety rating. Coefficients Coefficients Standard Error t� Stat P-value Intercept 42465.6942465.69 5320.545320.54 7.9817.981 0.00000.0000 Age (Year) −21096.02−21096.02 2551.522551.52 −8.268−8.268 0.00000.0000 Mileage(in Thousands) −1312.73−1312.73 103.02103.02 −12.743−12.743 0.00000.0000 Safety Rating 1533.821533.82 165.72165.72 9.2559.255 0.00000.0000 Does the sign of the coefficient for the variable safety rating make sense?
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
Consider the following computer output from a multiple
Coefficients
| Coefficients | Standard Error | t� Stat | P-value | |
|---|---|---|---|---|
| Intercept | 42465.6942465.69 | 5320.545320.54 | 7.9817.981 | 0.00000.0000 |
| Age (Year) | −21096.02−21096.02 | 2551.522551.52 | −8.268−8.268 | 0.00000.0000 |
| Mileage (in Thousands) |
−1312.73−1312.73 | 103.02103.02 | −12.743−12.743 | 0.00000.0000 |
| Safety Rating | 1533.821533.82 | 165.72165.72 | 9.2559.255 | 0.00000.0000 |
Does the sign of the coefficient for the variable safety rating make sense?
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