The estimated regression equation for a model involving two independent variables and 10 observations follows. ý = 24.1370 + 0.5704x_ + 0.4950X2 (a) Interpret b, in this estimated regression equation. Ob₁ = 24.1370 is an estimate of the change in y corresponding to a 1 unit change in x₁ when x₂ is held constant. O b₁ = 0.4950 is an estimate of the change in y corresponding to a 1 unit change in x₂ when x₁ is held constant. Ob₁: = 0.4950 is an estimate of the change in y corresponding to a 1 unit change in x₁ when x₂ is held constant. Ob₁ = 0.5704 is an estimate of the change in y corresponding to a 1 unit change in x₂ when x₁ is held constant. O b₁ = 0.5704 is an estimate of the change in y corresponding to a 1 unit change in x₁ when x₂ is held constant. Interpret b₂ in this estimated regression equation. b₂² = 24.1370 is an estimate of the change in y corresponding to a 1 unit change in x, when x₂ is held constant. Ob₂ = 0.4950 is an estimate of the change in y corresponding to a 1 unit change in x₁ when x₂ is held constant. = 0.4950 is an estimate of the change in y corresponding to a 1 unit change in x₂ when x₁ is held constant. 0b₂ Ob₂ = 0.5704 is an estimate of the change in y corresponding to a 1 unit change in x₂ when x₁ is held constant. O b₂ = 0.5704 is an estimate of the change in y corresponding to a 1 unit change in x₁ when X₂ is held constant. (b) Predict y when x₁ = 170 and x₂ = 330.

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
**Estimated Regression Equation for Educational Purposes**

The estimated regression equation for a model with two independent variables and 10 observations is as follows:

\[
\hat{y} = 24.1370 + 0.5704x_1 + 0.4950x_2
\]

**(a) Interpretation of Coefficients:**

i. **Interpret \(b_1\) in this estimated regression equation:**

- \(b_1 = 24.1370\) is an estimate of the change in \(y\) corresponding to a 1-unit change in \(x_1\) when \(x_2\) is held constant.
- \(b_1 = 0.4950\) is an estimate of the change in \(y\) corresponding to a 1-unit change in \(x_2\) when \(x_1\) is held constant.
- **\(b_1 = 0.4950\) is an estimate of the change in \(y\) corresponding to a 1-unit change in \(x_1\) when \(x_2\) is held constant.**
- \(b_1 = 0.5704\) is an estimate of the change in \(y\) corresponding to a 1-unit change in \(x_2\) when \(x_1\) is held constant.
- **\(b_1 = 0.5704\) is an estimate of the change in \(y\) corresponding to a 1-unit change in \(x_1\) when \(x_2\) is held constant.**

ii. **Interpret \(b_2\) in this estimated regression equation:**

- \(b_2 = 24.1370\) is an estimate of the change in \(y\) corresponding to a 1-unit change in \(x_1\) when \(x_2\) is held constant.
- **\(b_2 = 0.4950\) is an estimate of the change in \(y\) corresponding to a 1-unit change in \(x_2\) when \(x_1\) is held constant.**
- \(b_2 = 0.4950\) is an estimate of the change in \(y\) corresponding to a 1-unit change in \(x_1\) when \(x_2\
Transcribed Image Text:**Estimated Regression Equation for Educational Purposes** The estimated regression equation for a model with two independent variables and 10 observations is as follows: \[ \hat{y} = 24.1370 + 0.5704x_1 + 0.4950x_2 \] **(a) Interpretation of Coefficients:** i. **Interpret \(b_1\) in this estimated regression equation:** - \(b_1 = 24.1370\) is an estimate of the change in \(y\) corresponding to a 1-unit change in \(x_1\) when \(x_2\) is held constant. - \(b_1 = 0.4950\) is an estimate of the change in \(y\) corresponding to a 1-unit change in \(x_2\) when \(x_1\) is held constant. - **\(b_1 = 0.4950\) is an estimate of the change in \(y\) corresponding to a 1-unit change in \(x_1\) when \(x_2\) is held constant.** - \(b_1 = 0.5704\) is an estimate of the change in \(y\) corresponding to a 1-unit change in \(x_2\) when \(x_1\) is held constant. - **\(b_1 = 0.5704\) is an estimate of the change in \(y\) corresponding to a 1-unit change in \(x_1\) when \(x_2\) is held constant.** ii. **Interpret \(b_2\) in this estimated regression equation:** - \(b_2 = 24.1370\) is an estimate of the change in \(y\) corresponding to a 1-unit change in \(x_1\) when \(x_2\) is held constant. - **\(b_2 = 0.4950\) is an estimate of the change in \(y\) corresponding to a 1-unit change in \(x_2\) when \(x_1\) is held constant.** - \(b_2 = 0.4950\) is an estimate of the change in \(y\) corresponding to a 1-unit change in \(x_1\) when \(x_2\
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 18 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