Regression output appears below, with monthly housing cost (rent) as the dependent response variable. For a hypothetical person who needs 0 minutes to reach campus, and has 0 other people living in the same place, what would be the predicted value? Round to 3 decimal places. Intercept Distance People Coefficients Standard Error t Stat 1545.477 -23.874 -3.436 Your Answer: P-value 9.075 1.3614E-16 -2.451 0.01515133 170.295 9.742 8.225 -0.4180.67656223 Lower 95% Upper 95% 1209.587 1881.367 -43.089 -4.660 -19.658 12.786

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
Question
Regression output appears below, with monthly housing cost (rent) as the dependent
response variable.
For a hypothetical person who needs 0 minutes to reach campus, and has 0 other
people living in the same place, what would be the predicted value? Round to 3
decimal places.
Intercept
Distance
People
Coefficients Standard Error t Stat
1545.477
-23.874
-3.436
Your Answer:
170.295
9.742
8.225
P-value Lower 95% Upper 95%
1209.587
1881.367
-43.089
-4.660
-19.658
12.786
9.075 1.3614E-16
-2.451 0.01515133
-0.4180.67656223
Transcribed Image Text:Regression output appears below, with monthly housing cost (rent) as the dependent response variable. For a hypothetical person who needs 0 minutes to reach campus, and has 0 other people living in the same place, what would be the predicted value? Round to 3 decimal places. Intercept Distance People Coefficients Standard Error t Stat 1545.477 -23.874 -3.436 Your Answer: 170.295 9.742 8.225 P-value Lower 95% Upper 95% 1209.587 1881.367 -43.089 -4.660 -19.658 12.786 9.075 1.3614E-16 -2.451 0.01515133 -0.4180.67656223
Expert Solution
steps

Step by step

Solved in 3 steps with 7 images

Blurred answer
Similar 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