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.CoefficientsCoefficientsStandard Errort StatP-valueIntercept49314.996450.957.6450.0000Age (Year)- 25890.573156.87- 8.2010.0000Mileage- 1584.68127.77- 12.4020.0000(in Thousands)Safety Rating- 1762.272658.52-0.6630.5102Does the sign of the coefficient for the variable safety rating make sense?AnswerE TablesKeypaKeyboard ShorteO Yes, because it is expected that as safety rating increases then the price should decrease.O No, because it is expected that as safety rating increases then the price should also increase.O No, because it is expected that as safety rating increases then the price should decrease.O Yes, because it is expected that as safety rating increases then the price should also increase.

Given info: The multiple analysis relating the price of a used car to the variables: age of car,…

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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In the above regression of air quality on other variables in question 2, R-squared is 0.3829. How do you interpret it?
Listed below are systolic blood pressure measurements (in mm Hg) obtained from the same woman. Find the regression equation, letting the right arm blood pressure be the predictor (x) variable Find the best predicted systolic blood pressure in the left arm given that the systolic blood pressure in the right arm is 95 mm Hg. Use a significance level of 0.05 Right Arm 103 102 94 79 80 D Left Arm 176 170 144 146 145 : Click the icon to view the critical values of the Pearson correlation coefficient r The regression equation is y= +x (Round to one decimal place as needed.) ater/ Enter your ahswer in the edit fields and then click Check Answer
In a regression study, relating Price/unit (x) to Weekly Sales (in Kg.), with the scatter plot showing a strong negative direction, 63% of the variability in sales could be accounted for by the variation in the Unit Price. The correlation coefficient in this study is: 0.7 -0.4 -0.79 0.4
The following data gives the number of employees at the bookstore and the number of minutes students wait in line to buy books at the beginning of the term. The independent variable is the number of employees and the dependent variable is the number of minutes. What is the y intercept? SSxx = 56.857; SS=2095.714; SSxy=-322.571 SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square XA356899 0.96 0.93 0.91 y 67 54 47 33 31 25 12
Write the formula for the estimated regression line and interpret the slope of the estimated regression line, the intercept of the estimated regression line- Is it meaningful?, and the estimated R2. Based on the fitted regression model, what is the predicted ATST for a child who is 7 years old? What is the correlation between AGE and ATST? Does the residual plot suggest that the fitted regression line is inappropriate for these data? Explain why or why not. Suppose that a new subject is added to the study data and that subject is 12.5 years old with an ATST of 580 minutes. If the regression model were to be refit with this additional data point, would the new slope be greater than or less than -14.041? Justify your response.
A regression analysis was performed to predict weight (y, in kg) using height (x, in cm) among 150 children. The coefficient of determination was . Which of the following is a valid interpretation? a. For each 1-cm increase in height, weight tends to increase by about 0.32 kg b. There is no association between weight and height c. Height accounts for about 32% of the total variability in weight d. The correlation between weight and height is about 0.32
In a regression study, relating Price/unit (x) to Weekly Sales (in Kg.), with the scatter plot showing a strong negative direction, 63% of the variability in sales could be accounted for by the variation in the Unit Price. The correlation coefficient in this study is: 0.79 -0.4 -0.79 0.4
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You believe that the price of Zoom Videoconferencing stock and the price of American Airlines stock will move in opposite directions. In order to test this relationship, we do a simple regression with the following variables:A - dependent variable : month end price of American Airlines stockZ - independent variable: month end price of Zoom Videoconferencing stock Data from April 2019 through December 2020 (21 observations) is availableBased on the data, we compute the following:Var (Z) = 20927.702Cov (A,Z) = -899.153E(A) = 20.790E(Z) = 187.530Std Error of Estimate = 6.088TSS = 1476.830 Consider the equation At = b0 + b1 Zt + εtBased on the numbers given above, complete the following table Variable Estimate Std error t-statistic Slope b1 .00941 Constant b0 2.2088 R-square N/A N/A F statistic N/A N/A Are the coefficients (slope and/or constant) significant at the .05 level?
Listed below are systolic blood pressure measurements (in mm Hg) obtained from the same woman. Find the regression equation, letting the fight arm blood pressure be the predictor (x) variable. Find the best predicted systolic blood pressure in the left arm given that the systolic blood pressure in the right arm is 90 mm Hg. Use a significance level of 0.05. Right Arm Left Arm % 102 101 94 80 79 177 172 143 143 143 Click the icon to view the critical values of the Pearson correlation coefficient r The regression equation is y=+x. (Round to one decimal place as needed.). Given that the systolic blood pressure in the right arm is 90 mm Hg, the best predicted systolic blood pressure in the left arm is mm Hg. (Round to one decimal place as needed) M H N H & C Copyright ©2022 Pearson Education Inc. All rights reserved. | Terms of Use | Privacy Policy | Permissions | Contact Us | a 33 M 0 8 K Vi 1. fio 11 O More (2) { 87°F Next [ insert prt sc 7:46 8/5/2 backspace
Do movies of different types have different rates of return on their budgets? Here's a regression of USGross (SM) on Budget for comedies and action movies with an indicator variable. Complete parts (a) through (d). Dependent variable is: USGross ($M) Coefficient SE(Coeff) - 6.78278 16.95 1.00523 Variable Constant Budget ($M) Comedy 24.0373 0.1613 11.73 t-ratio P-value -0.400 0.6907 6.23 <0.0001 2.05 0.0451 a) Write out the regression model. USGross = + ( Budget + (Comedy R-squared = 32.8% R-squared (adjusted) = 31.0% s = 47.51 55 degrees of freedom
An automobile rental company wants to predict the yearly maintenance expense (Y) for an automobile using the number of miles driven during the year () and the age of the car (, in years) at the beginning of the year. The company has gathered the data on 10 automobiles and run a regression analysis with the results shown below:. Summary measures Multiple R 0.9689 R-Square 0.9387 Adj R-Square 0.9212 StErr of Estimate 72.218 Regression coefficients Coefficient Std Err t-value p-value Constant 33.796 48.181 0.7014 0.5057 Miles Driven 0.0549 0.0191 2.8666 0.0241 Age of car 21.467 20.573 1.0434 0.3314 Use the information above to estimate the annual maintenance expense for a 10 years old car with 60,000 miles.

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