Following is a portion of the regression output for an application relating maintenance expense (dollars per month) to usage (hours per week) for a particular brand of computer terminal. Excel File: data14-41.xlsx ANOVA df SS MS Significance F Regression 1 1575.76 Residual 8. 349.14 Total 1924.90 Coefficients Standard Error t Stat P-value Intercept 6.1092 0.9361 Usage 0.8951 0.149 If your answer is zero, enter "0". a. Write the estimated regression equation (to 4 decimals). b. Use a t test to determine whether monthly maintenance expense is related to usage at the 0.05 level of significance (to 2 decimals). Use Table 2 of Append В. t = p-value = - Select your answer v the null hypothesis. Monthly maintenance expense - Select your answer - v related to usage. c. Did the estimated regression equation provide a good fit? Explain. Hint: If r is greater than 0.50, the estimated regression equation provides a good fit. - Select your answer - because the value of re is - Select your answer - v than 0.50.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
icon
Concept explainers
Question
100%
Following is a portion of the regression output for an application relating maintenance expense (dollars per month) to usage (hours per week) for a particular
brand of computer terminal.
Excel File: data14-41.xlsx
ANOVA
df
SS
MS
F
Significance F
Regression
1575.76
Residual
8
349.14
Total
1924.90
Coefficients Standard Error
t Stat
P-value
Intercept
6.1092
0.9361
Usage
0.8951
0.149
If your answer is zero, enter "0".
a. Write the estimated regression equation (to 4 decimals).
ŷ =
b. Use a t test to determine whether monthly maintenance expense is related to usage at the 0.05 level of significance (to 2 decimals). Use Table 2 of Appendix
В.
t =
p-value
- Select your answer v the null hypothesis. Monthly maintenance expense
Select your answer -
related to usage.
c. Did the estimated regression equation provide a good fit? Explain. Hint: If r is greater than 0.50, the estimated regression equation provides a good fit.
- Select your answer - V
because the value of r2 is
- Select your answer - v than 0.50.
Transcribed Image Text:Following is a portion of the regression output for an application relating maintenance expense (dollars per month) to usage (hours per week) for a particular brand of computer terminal. Excel File: data14-41.xlsx ANOVA df SS MS F Significance F Regression 1575.76 Residual 8 349.14 Total 1924.90 Coefficients Standard Error t Stat P-value Intercept 6.1092 0.9361 Usage 0.8951 0.149 If your answer is zero, enter "0". a. Write the estimated regression equation (to 4 decimals). ŷ = b. Use a t test to determine whether monthly maintenance expense is related to usage at the 0.05 level of significance (to 2 decimals). Use Table 2 of Appendix В. t = p-value - Select your answer v the null hypothesis. Monthly maintenance expense Select your answer - related to usage. c. Did the estimated regression equation provide a good fit? Explain. Hint: If r is greater than 0.50, the estimated regression equation provides a good fit. - Select your answer - V because the value of r2 is - Select your answer - v than 0.50.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Correlation, Regression, and Association
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman