Does the sign of the coefficient for the variable safety rating make sense? Answer 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. O Yes, because it is expected that as safety rating increases then the price should decrease. Tables
Does the sign of the coefficient for the variable safety rating make sense? Answer 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. O Yes, because it is expected that as safety rating increases then the price should decrease. Tables
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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Transcribed Image Text: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.
Intercept
Age (Year)
Mileage
(in Thousands)
Safety Rating
Answer
Coefficients
43835.55
-22054.93
- 1367.12
1579.51
Does the sign of the coefficient for the variable safety rating make sense?
Coefficients
Standard Error
5654.62
2346.59
111.37
176.75
t Stat
7.752
-9.399
.
- 12.276
8.937
P-value
0.0000
0.0000
0.0000
0.0000
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.
O Yes, because it is expected that as safety rating increases then the price should decrease.
Tables
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