Predictors with α = 0.05Which predictors do you consider significant?Which predictors would you be comfortable eliminating? SUMMARY OUTPUTRegression StatisticsMultiple R0.9761368R Square0.9528431Adjusted R Sc 0.9486514Standard Erro 84.864073Observations50ANOVAdfSSMSSignificance FRegression465484221637105.5227.315433.205E-29Residual45324085.997201.9109Total496872508Coefficients tandard Erroit StatP-valueLower 95%Upper 95% Lower 95.0% Upper 95.0%Intercept19.52036856.4596190.34574030.731149 -94.195142133.23588 -94.195142133.23588Floor Area (Se0.2599690.0182476 14.2467382.74E-180.22321640.2967216 0.2232164 0.2967216Offices74.27224726.0094252.85558970.00647721.886575126.6579221.886575126.65792Entrances49.3180729.0074881.70018410.095999 -9.1060107107.74215 -9.1060107107.74215Age0.94232870.97665290.96485530.3397741 -1.02475122.9094087 -1.02475122.9094087Е.What is the R2?What is the adjusted R2?Explain the purpose of having an adjusted R2?

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MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

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[Statistics] Use R or RStudio Context of the problem:Fire damage in the United States amounts to billions of dollars, much of it insured. The time taken to arrive at the fire is critical. This raises the question, Should insurance companies lower premiums if the home to be insured is close to a fire station? To help make a decision, a study was undertaken wherein a number of fires were investigated. The distance to the nearest fire station (in miles) and the percentage of fire damage were recorded. Here is the data set: Distance Percent7.5 688.3 666.2 341.6 305.6 706 624.3 478.1 725.7 400.3 531.6 182.5 485.8 535.3 486.3 643.4 526.2 613.2 346.3 656.1 664.6 336.7 760.5 343.2 465.3 555 334.8 466.4 490.2 174.9 476.2 637.6 696.6 542.9 522.1 434.8 358.1 581.2 54.6 464 576.1 400.8 395.9 426.5 626.5 527.5 767.2 676.7 454.1 234 334.8 594…
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Predictors with α = 0.05 Which predictors do you consider significant? Which predictors would you be comfortable eliminating?