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 38356.1138356.11 4686.294686.29 8.1858.185 0.00000.0000 Age (Year) −18219.29−18219.29 2196.312196.31 −8.295−8.295 0.00000.0000 Mileage(in Thousands) 1149.561149.56 1897.651897.65 0.6060.606 0.54720.5472 Safety Rating 1396.751396.75 159.64159.64 8.7498.749 0.00000.0000 Does the sign of the coefficient for the variable mileage 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 38356.1138356.11 4686.294686.29 8.1858.185 0.00000.0000 Age (Year) −18219.29−18219.29 2196.312196.31 −8.295−8.295 0.00000.0000 Mileage(in Thousands) 1149.561149.56 1897.651897.65 0.6060.606 0.54720.5472 Safety Rating 1396.751396.75 159.64159.64 8.7498.749 0.00000.0000 Does the sign of the coefficient for the variable mileage 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 | 38356.1138356.11 | 4686.294686.29 | 8.1858.185 | 0.00000.0000 |
| Age (Year) | −18219.29−18219.29 | 2196.312196.31 | −8.295−8.295 | 0.00000.0000 |
| Mileage (in Thousands) |
1149.561149.56 | 1897.651897.65 | 0.6060.606 | 0.54720.5472 |
| Safety Rating | 1396.751396.75 | 159.64159.64 | 8.7498.749 | 0.00000.0000 |
Does the sign of the coefficient for the variable mileage make sense?
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