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The data below contains mileage, age, and selling price for a sample of 33 sedans. Price Mileage Age 16,998 35,000 3 17,599 16,000 3 15,998 42,000 3 15,998 62,000 4 11,599 102,000 7 12,998 109,000 4 14,998 60,000 5 11,599 88,000 9 12,599 58,000 8 14,998 27,000 6 15,998 32,000 3 Price Mileage Age 11,599 95,000 8 9,499 123,000 8 14,599 54,000 5 10,599 68,000 10 16,998 40,000 4 20,998 7,000 0 11,599 80,000 9 12,599 70,000 6 13,599 86,000 5 11,599 92,000 7 9,599 120,000 10 Price Mileage Age 18,998 20,000 2 12,599 63,000 7 12,599 70,000 6 10,998 88,000 10 11,998 86,000 6 13,998 60,000 6 17,599 45,000 2 9,998 95,000 11 9,998 60,000 11 16,998 36,000 2 17,599 45,000 2 #1) Is multicollinearity an issue for this model? Find the correlation between the independent variables to answer this question.(Round your answer to two decimal places.) The correlation between age and mileage is: ____________     #2) Find the value of the test statistic for ?2. (Round your answer to two decimal places.)  Find the p-value for ?2. (Round your answer to four decimal places.)

The data below contains mileage, age, and selling price for a sample of 33 sedans. Price Mileage Age 16,998 35,000 3 17,599 16,000 3 15,998 42,000 3 15,998 62,000 4 11,599 102,000 7 12,998 109,000 4 14,998 60,000 5 11,599 88,000 9 12,599 58,000 8 14,998 27,000 6 15,998 32,000 3 Price Mileage Age 11,599 95,000 8 9,499 123,000 8 14,599 54,000 5 10,599 68,000 10 16,998 40,000 4 20,998 7,000 0 11,599 80,000 9 12,599 70,000 6 13,599 86,000 5 11,599 92,000 7 9,599 120,000 10 Price Mileage Age 18,998 20,000 2 12,599 63,000 7 12,599 70,000 6 10,998 88,000 10 11,998 86,000 6 13,998 60,000 6 17,599 45,000 2 9,998 95,000 11 9,998 60,000 11 16,998 36,000 2 17,599 45,000 2 #1) Is multicollinearity an issue for this model? Find the correlation between the independent variables to answer this question.(Round your answer to two decimal places.) The correlation between age and mileage is: ____________     #2) Find the value of the test statistic for ?2. (Round your answer to two decimal places.)  Find the p-value for ?2. (Round your answer to four decimal places.)

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter11: Data Analysis And Displays
Section: Chapter Questions
Problem 4CR
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The data below contains mileage, age, and selling price for a sample of 33 sedans.
Price Mileage Age
16,998 35,000 3
17,599 16,000 3
15,998 42,000 3
15,998 62,000 4
11,599 102,000 7
12,998 109,000 4
14,998 60,000 5
11,599 88,000 9
12,599 58,000 8
14,998 27,000 6
15,998 32,000 3
Price Mileage Age
11,599 95,000 8
9,499 123,000 8
14,599 54,000 5
10,599 68,000 10
16,998 40,000 4
20,998 7,000 0
11,599 80,000 9
12,599 70,000 6
13,599 86,000 5
11,599 92,000 7
9,599 120,000 10
Price Mileage Age
18,998 20,000 2
12,599 63,000 7
12,599 70,000 6
10,998 88,000 10
11,998 86,000 6
13,998 60,000 6
17,599 45,000 2
9,998 95,000 11
9,998 60,000 11
16,998 36,000 2
17,599 45,000 2

#1) Is multicollinearity an issue for this model? Find the correlation between the independent variables to answer this question.(Round your answer to two decimal places.)

The correlation between age and mileage is: ____________
 
 
#2) Find the value of the test statistic for ?2. (Round your answer to two decimal places.)
 Find the p-value for ?2. (Round your answer to four decimal places.)
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