Suppose you estimated the following average cost function using the regression package in Excel. SUMMARY OUTPUT Regression Statistics R Square Adjusted R Square Standard Error Observations ANOVA Regression Intercept a 0,4328 0,3967 0,0193 500,0000 Significance F 0,0327 Coefficients 1,3300 -0,0400 0.0030 Standard Error t Stat 2,7708 -3,0760 0,0870 P-value 0,4800 0,0130 00345 Looking at the coefficients, Significance F, and p values, you can conclude: 0,0021 0,0093 04370 O Since the Significance F value is less than 0,05 then this equation does not explain average cost. O Since the coefficient on Q has a p-value less than 0,05 and a t-statistic larger than the absolute value of 1,96, the Q variable is statistically insignificant, indicating we donâ€"t experience economies of scale. Since the coefficient on Q² has a p-value greater than 0,05 and a t-statistic smaller than the absolute value of 1,96, the Q² variable is statistically insignificant, indicating we don’t experience diseconomies of scale. O All of the above are true.
Suppose you estimated the following average cost function using the regression package in Excel. SUMMARY OUTPUT Regression Statistics R Square Adjusted R Square Standard Error Observations ANOVA Regression Intercept a 0,4328 0,3967 0,0193 500,0000 Significance F 0,0327 Coefficients 1,3300 -0,0400 0.0030 Standard Error t Stat 2,7708 -3,0760 0,0870 P-value 0,4800 0,0130 00345 Looking at the coefficients, Significance F, and p values, you can conclude: 0,0021 0,0093 04370 O Since the Significance F value is less than 0,05 then this equation does not explain average cost. O Since the coefficient on Q has a p-value less than 0,05 and a t-statistic larger than the absolute value of 1,96, the Q variable is statistically insignificant, indicating we donâ€"t experience economies of scale. Since the coefficient on Q² has a p-value greater than 0,05 and a t-statistic smaller than the absolute value of 1,96, the Q² variable is statistically insignificant, indicating we don’t experience diseconomies of scale. O All of the above are true.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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