Here is another set of regression results, for a generic DV called y and a generic N called x SUMMARY OUTPUT Regression Stotistics Multiple R RSquare 0.00971347 Adjusted R Square Standard Fmor Observations 20.5R97879 74 ANOVA MS 299 3386 259 3986 0.70623 Significonce Regression 0.40348 Residual 72 30523.63 423.9394 Total 73 20823.03 Srandard Upper OSK Coricienty Errur I Sta Puale lower 95% Intercept 44.3618365 5.205352 8.522351 1.62E-12 33.58515 54.73852 01587303 018888 0.84037 0.40348 0.217796 7) How many obsenvations were in this dataset? 8) Fallow the four staps in Ch 14: Handout 22 to perform the hypothesis test to ansoer the foloeing question: la there a statiatically significant relationahip between y and x? Use ana- ans significance level. Ihe guidelines from the test in Question 1 apply here to. 9 Given your result in Question 3, is it appropriete to continue interpretine this model?
Here is another set of regression results, for a generic DV called y and a generic N called x SUMMARY OUTPUT Regression Stotistics Multiple R RSquare 0.00971347 Adjusted R Square Standard Fmor Observations 20.5R97879 74 ANOVA MS 299 3386 259 3986 0.70623 Significonce Regression 0.40348 Residual 72 30523.63 423.9394 Total 73 20823.03 Srandard Upper OSK Coricienty Errur I Sta Puale lower 95% Intercept 44.3618365 5.205352 8.522351 1.62E-12 33.58515 54.73852 01587303 018888 0.84037 0.40348 0.217796 7) How many obsenvations were in this dataset? 8) Fallow the four staps in Ch 14: Handout 22 to perform the hypothesis test to ansoer the foloeing question: la there a statiatically significant relationahip between y and x? Use ana- ans significance level. Ihe guidelines from the test in Question 1 apply here to. 9 Given your result in Question 3, is it appropriete to continue interpretine this model?
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
Topic Video
Question
Thank you.
![Here is another set of regression results, for a generic DV called y and a generic IV called x.
SUMMARY OUTPUT
Regression Statistics
Multiple R
R Square
0.09855694
0.00971347
Adjusted R
Square
-D.004n405
Standard Fror
20.5897879
Observations
74
ANOVA
SS
MS
Signifivoce
Regression
299.3986
299 3986 0.70623
0.40348
Residual
72
30523.63
423.9394
Total
73
20823.03
Sturndard
Coeficienis
1 Stai
P-walue
lower 95N
95%
Intercept
44.3618365
5.205352
8.522351 1.62E-12
33.98515
54.73852
-0.1587303
0.18988
-0.84037
0.40349
-0.53526
0.217796
7) How many observations were in this dataset?
8) Fallaw the foaur steps in Ch 14: Handout #2 to perform the hypothesis test to answer the following
question: la there a statistically significant relationahip between y and x? Use an a - (1.5 significance
level. Ihe guidelines from the test in Question #1 apply here tao.
9) Given your result in Question 48, is it appropriate to continue interpreting this model?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F27122b63-aa25-4bfe-b79c-43ea5b15b837%2F2623db63-b5e2-499e-ae1e-72c534215bcb%2Fu49qyjq_processed.png&w=3840&q=75)
Transcribed Image Text:Here is another set of regression results, for a generic DV called y and a generic IV called x.
SUMMARY OUTPUT
Regression Statistics
Multiple R
R Square
0.09855694
0.00971347
Adjusted R
Square
-D.004n405
Standard Fror
20.5897879
Observations
74
ANOVA
SS
MS
Signifivoce
Regression
299.3986
299 3986 0.70623
0.40348
Residual
72
30523.63
423.9394
Total
73
20823.03
Sturndard
Coeficienis
1 Stai
P-walue
lower 95N
95%
Intercept
44.3618365
5.205352
8.522351 1.62E-12
33.98515
54.73852
-0.1587303
0.18988
-0.84037
0.40349
-0.53526
0.217796
7) How many observations were in this dataset?
8) Fallaw the foaur steps in Ch 14: Handout #2 to perform the hypothesis test to answer the following
question: la there a statistically significant relationahip between y and x? Use an a - (1.5 significance
level. Ihe guidelines from the test in Question #1 apply here tao.
9) Given your result in Question 48, is it appropriate to continue interpreting this model?
![Worksheet #10
An analyst for a shopping district would like to determine the rent that should be charged for retail
spaces depending on how close they are to parking. The analyst takes a random sample of retail spaces
in similar shopping districts and measures the monthly rent ($) and distance from parking (in yards) for
each retail space. This is the same regression you worked with in Worksheet #9.
Here is the complete Excel output for this regression:
SUMMARY OUTPUT
Regression Stotistics
Multiple R
R Square
0.7076
0.5007
Adjusted R
Square
Standard Error
0.4918
978.8761
Observations
58
ANOVA
Significaner
df
SS
MS
Regression
1
53809748.97
53809748.97
56.1572
5.28E-10
Residual
56
53659115.74
958198.4954
Total
57
107468864.7
Coefficients
t Stat
P value
Upper 95%
Standard Error
Lower 95%
Intercept
15003.10
249.3464
60.17
1.4E-52
14503.59
15502.6
Distance
-11.42
1.5239
-7,49
5.28E-10
-14.47
8.37
NOTE: Excel uses scientific notation for very small numbers. So the p-value = 5.28E-10 = 5.28 x 10 10 -
0.000000000528. In the hypothesis test, you may truncate that to 0.000. Very tiny p-values with more
than four zeroes after the decimal are often expressed as 0.000 or .000 when they are reported and
interpreted.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F27122b63-aa25-4bfe-b79c-43ea5b15b837%2F2623db63-b5e2-499e-ae1e-72c534215bcb%2Fabcl4bc_processed.png&w=3840&q=75)
Transcribed Image Text:Worksheet #10
An analyst for a shopping district would like to determine the rent that should be charged for retail
spaces depending on how close they are to parking. The analyst takes a random sample of retail spaces
in similar shopping districts and measures the monthly rent ($) and distance from parking (in yards) for
each retail space. This is the same regression you worked with in Worksheet #9.
Here is the complete Excel output for this regression:
SUMMARY OUTPUT
Regression Stotistics
Multiple R
R Square
0.7076
0.5007
Adjusted R
Square
Standard Error
0.4918
978.8761
Observations
58
ANOVA
Significaner
df
SS
MS
Regression
1
53809748.97
53809748.97
56.1572
5.28E-10
Residual
56
53659115.74
958198.4954
Total
57
107468864.7
Coefficients
t Stat
P value
Upper 95%
Standard Error
Lower 95%
Intercept
15003.10
249.3464
60.17
1.4E-52
14503.59
15502.6
Distance
-11.42
1.5239
-7,49
5.28E-10
-14.47
8.37
NOTE: Excel uses scientific notation for very small numbers. So the p-value = 5.28E-10 = 5.28 x 10 10 -
0.000000000528. In the hypothesis test, you may truncate that to 0.000. Very tiny p-values with more
than four zeroes after the decimal are often expressed as 0.000 or .000 when they are reported and
interpreted.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
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.Recommended textbooks for you
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
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…](https://www.bartleby.com/isbn_cover_images/9780134683416/9780134683416_smallCoverImage.gif)
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
![The Basic Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319042578/9781319042578_smallCoverImage.gif)
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](https://www.bartleby.com/isbn_cover_images/9781319013387/9781319013387_smallCoverImage.gif)
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman