Refrigerator prices are affected by characteristics such as whether or not the refrigerator is on sale, whether or not it is listed as a Sub-Zero brand, the number of doors (one door or two doors), and the placement of the freezer compartment (top, side, or bottom). The table below shows the regression output from a regression model using the natural log of price as the dependent variable. The model was developed by the Bureau of Labor Statistics.   Variable Coefficient Standard Error t Statistic Intercept 5.4000 0.13415 40.25 Sale price −0.0759 0.0283 −2.68 Sub-Zero brand 1.1471 0.1459 7.86 Total capacity (in cubic feet) 0.06929 0.00595 11.64 Two-door, freezer on bottom 0.05567 0.07292 0.76 Two-door, side freezer Base     Two-door, freezer on top −0.3352 0.03537 −9.48 One door with freezer −0.6144 0.1362 −4.51 One door, no freezer −0.8573 0.1491 −5.75   Find the p-value for each coefficient, using 315 degrees of freedom. Using an α = .10, which predictor variable(s) are not significant predictors? (Leave no cells blank - be certain to enter "0" wherever required. Round your answers to 4 decimal places.)   By how much does the natural log of refrigerator price decrease from a two-door, side freezer model to a two-door, top freezer model? (Round your answer to 4 decimal places.)

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Refrigerator prices are affected by characteristics such as whether or not the refrigerator is on sale, whether or not it is listed as a Sub-Zero brand, the number of doors (one door or two doors), and the placement of the freezer compartment (top, side, or bottom). The table below shows the regression output from a regression model using the natural log of price as the dependent variable. The model was developed by the Bureau of Labor Statistics.
 

Variable Coefficient Standard Error t Statistic
Intercept 5.4000 0.13415 40.25
Sale price −0.0759 0.0283 −2.68
Sub-Zero brand 1.1471 0.1459 7.86
Total capacity (in cubic feet) 0.06929 0.00595 11.64
Two-door, freezer on bottom 0.05567 0.07292 0.76
Two-door, side freezer Base    
Two-door, freezer on top −0.3352 0.03537 −9.48
One door with freezer −0.6144 0.1362 −4.51
One door, no freezer −0.8573 0.1491 −5.75

 

Find the p-value for each coefficient, using 315 degrees of freedom. Using an α = .10, which predictor variable(s) are not significant predictors? (Leave no cells blank - be certain to enter "0" wherever required. Round your answers to 4 decimal places.)

 

By how much does the natural log of refrigerator price decrease from a two-doorside freezer model to a two-doortop freezer model? (Round your answer to 4 decimal places.)

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