Fill the missing values below using minitab, see the picture below Is the regression model significant? Justify If we refer solely to Variance Inflation Factor (VIF) values, does the regression model show multicollinearity? Justify.
Fill the missing values below using minitab, see the picture below Is the regression model significant? Justify If we refer solely to Variance Inflation Factor (VIF) values, does the regression model show multicollinearity? Justify.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Question
Fill the missing values below using minitab, see the picture below
-
Is the regression model significant? Justify
-
If we refer solely to Variance Inflation Factor (VIF) values, does the regression model show
multicollinearity? Justify.
Transcribed Image Text:Term
Constant
COST FERT
COST CHEM
LABOR COST
2.61
OTHER COST 9.83
98.1
0.114
Coef SE Coef T-Value
4437
2799
0.812
0.549
1.45
1.03
9.99
89.0
0.111
EXP
LOAN
-0.81
2.54
୩
1.02
P-Value
0.122
VIF
0.148 2.12
0.425 1.28
0.016 1.88
0.332 1.27
0.279
1.45
0.316 1.08
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