In a regression analysis involving 30 observations, the following estimated regression equation was obtained. ŷ = 19.7 + 3.7x, - 2.2x, + 7.6x3 + 2.8× 4 (a) Interpret b, in this estimated regression equation. O b, = 7.6 is an estimate of the change in y corresponding to a 1 unit change in x, when xg, X2, and x, are held constant. O b, = 3.7 is an estimate of the change in y corresponding to a 1 unit change in x, when x2, x3, and x, are held constant. = 3.7 is an estimate of the change in y corresponding to a 1 unit change in x, when x,, x3, and x, are held constant. O b; O b, = -2.2 is an estimate of the change in y corresponding to a 1 unit change in x, when x2, X3, and x, are held constant. O b, = 2.8 is an estimate of the change in y corresponding to a 1 unit change in x, when xg, X2, and x3 are held constant. %3D Interpret b, in this estimated regression equation. O bz = 2.8 is an estimate of the change in y corresponding to a 1 unit change in x, when x,, x2, and x3 are held constant. O bz = -2.2 is an estimate of the change in y corresponding to a 1 unit change in x, when x,, x3, and x, are held constant. O bz = 7.6 is an estimate of the change in y corresponding to a 1 unit change in x, when x,, x2, and x4 are held constant. O bz = 3.7 is an estimate of the change in y corresponding to a 1 unit change in x, when x2, X3, and x, are held constant. O bz = -2.2 is an estimate of the change in y corresponding to a 1 unit change in x, when x2, x3, and x, are held constant. Interpret b, in this estimated regression equation. O bz = 7.6 is an estimate of the change in y corresponding to a 1 unit change in x, when xµ ×2, and x4 are held constant. O bz = 7.6 is an estimate of the change in y corresponding to a 1 unit change in x, when x,, X3, and x, are held constant. = 3.7 is an estimate of the change in y corresponding to a 1 unit change in x3 when x, x2, and x, are held constant. %3D O bz O bz = -2.8 is an estimate of the change in y corresponding to a 1 unit change in x, when x,, x2, and x3 are held constant. %3D O bz = -2.2 is an estimate of the change in y corresponding to a 1 unit change in x, when x2, X3, and x, are held constant. %3D Interpret b, in this estimated regression equation. O b, = 7.6 is an estimate of the change in y corresponding to a 1 unit change in x, when x,, x3, and x3 are held constant. O b4 = 2.8 is an estimate of the change in y corresponding to a 1 unit change in x, when xµ ×2, and x4 are held constant. O b, = 2.8 is an estimate of the change in y corresponding to a 1 unit change in x, when xg, X2, and x3 are held constant. O bą = 3.7 is an estimate of the change in y corresponding to a 1 unit change in x, when x,, x2, and x, are held constant. %3! O ba = -2.2 is an estimate of the change in y corresponding to a 1 unit change in x, when x,, x3, and x, are held constant. (b) Predict y when x, = 10, x, = 5, X3 = 1, and x, = 2.

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### Regression Analysis Example

In a regression analysis involving 30 observations, the following estimated regression equation was obtained:

\[ \hat{y} = 19.7 + 3.7x_1 - 2.2x_2 + 7.6x_3 + 2.8x_4 \]

#### Questions:

**(a) Interpret coefficients in this estimated regression equation:**

**Interpret \( b_1 \) in this estimated regression equation.**

- \( b_1 = 7.6 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_3 \) when \( x_1, x_2, \) and \( x_4 \) are held constant.
- \( b_1 = 3.7 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_1 \) when \( x_2, x_3, \) and \( x_4 \) are held constant.
- \( b_1 = -2.2 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_2 \) when \( x_1, x_3, \) and \( x_4 \) are held constant.
- \( b_1 = 2.8 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_4 \) when \( x_1, x_2, \) and \( x_3 \) are held constant.

**Interpret \( b_2 \) in this estimated regression equation.**

- \( b_2 = -2.8 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_4 \) when \( x_1, x_2, \) and \( x_3 \) are held constant.
- \( b_2 = -2.2 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_2 \) when \( x_1, x_3, \) and \( x_4 \) are held constant.
- \( b_2 = 7.6 \) is an estimate of the change in \( y \) corresponding to a
Transcribed Image Text:### Regression Analysis Example In a regression analysis involving 30 observations, the following estimated regression equation was obtained: \[ \hat{y} = 19.7 + 3.7x_1 - 2.2x_2 + 7.6x_3 + 2.8x_4 \] #### Questions: **(a) Interpret coefficients in this estimated regression equation:** **Interpret \( b_1 \) in this estimated regression equation.** - \( b_1 = 7.6 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_3 \) when \( x_1, x_2, \) and \( x_4 \) are held constant. - \( b_1 = 3.7 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_1 \) when \( x_2, x_3, \) and \( x_4 \) are held constant. - \( b_1 = -2.2 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_2 \) when \( x_1, x_3, \) and \( x_4 \) are held constant. - \( b_1 = 2.8 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_4 \) when \( x_1, x_2, \) and \( x_3 \) are held constant. **Interpret \( b_2 \) in this estimated regression equation.** - \( b_2 = -2.8 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_4 \) when \( x_1, x_2, \) and \( x_3 \) are held constant. - \( b_2 = -2.2 \) is an estimate of the change in \( y \) corresponding to a 1 unit change in \( x_2 \) when \( x_1, x_3, \) and \( x_4 \) are held constant. - \( b_2 = 7.6 \) is an estimate of the change in \( y \) corresponding to a
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Step 1

Statistics homework question answer, step 1, image 1

It is clear that the value of slope b1 is 3.7

 

As a one unit change in x1 by keeping other variables x2,x3 and x4 as constant the dependent variable is predicted to be increase by 3.7 units.

 

Correct option: Option 2

 

 

 

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