The following regression output was obtained from a study of architectural firms. The dependent variable is the total amount of fees in millions of dollars. Predictor Coefficient SE Coefficient t p-value Constant 8.302 3.083 2.693 0.010 x1 0.207 0.155 1.335 0.000 x2 − 1.001 0.556 − 1.800 0.028 x3 − 0.168 0.405 − 0.415 0.114 x4 0.536 0.260 2.062 0.001 x5 − 0.029 0.023 − 1.261 0.112 Analysis of Variance Source DF SS MS F p-value Regression 5 2,064.77 413.0 10.15 0.000 Residual Error 57 2,318.84 40.68 Total 62 4,383.61 x1 is the number of architects employed by the company. x2 is the number of engineers employed by the company. x3 is the number of years involved with health care projects. x4 is the number of states in which the firm operates. x5 is the percent of the firm’s work that is health care−related. a. Write out the regression equation. (Negative answers should be indicated by a minus sign. Round your answers to 3 decimal places.) b. How large is the sample? How many independent variables are there? c-1. At the 0.05 significance level, state the decision rule to test: H0: β1 = β2 = β3 =β4 = β5 = 0; H1: At least one β is not 0. (Round your answer to 2 decimal places.) c-2. Compute the value of the F statistic. (Round your answer to 2 decimal places.) c-3. What is the decision regarding H0: β1 = β2 = β3 = β4 = β5 = 0? d-1. State the decision rule for each independent variable. Use the 0.05 significance level. (Round your answers to 3 decimal places.) For x1 For x2 For x3 For x4 For x5 H0: β1 = 0 H0: β2 = 0 H0: β3 = 0 H0: β4 = 0 H0: β5 = 0 H1: β1 ≠ 0 H1: β2 ≠ 0 H1: β3 ≠ 0 H1: β4 ≠ 0 H1: β5 ≠ 0 d-2. Compute the value of the test statistic. (Negative answers should be indicated by a minus sign. Round your answers to 3 decimal places.) d-3. For each variable, make a decision about the hypothesis that the coefficient is equal to zero.
The following regression output was obtained from a study of architectural firms. The dependent variable is the total amount of fees in millions of dollars. Predictor Coefficient SE Coefficient t p-value Constant 8.302 3.083 2.693 0.010 x1 0.207 0.155 1.335 0.000 x2 − 1.001 0.556 − 1.800 0.028 x3 − 0.168 0.405 − 0.415 0.114 x4 0.536 0.260 2.062 0.001 x5 − 0.029 0.023 − 1.261 0.112 Analysis of Variance Source DF SS MS F p-value Regression 5 2,064.77 413.0 10.15 0.000 Residual Error 57 2,318.84 40.68 Total 62 4,383.61 x1 is the number of architects employed by the company. x2 is the number of engineers employed by the company. x3 is the number of years involved with health care projects. x4 is the number of states in which the firm operates. x5 is the percent of the firm’s work that is health care−related. a. Write out the regression equation. (Negative answers should be indicated by a minus sign. Round your answers to 3 decimal places.) b. How large is the sample? How many independent variables are there? c-1. At the 0.05 significance level, state the decision rule to test: H0: β1 = β2 = β3 =β4 = β5 = 0; H1: At least one β is not 0. (Round your answer to 2 decimal places.) c-2. Compute the value of the F statistic. (Round your answer to 2 decimal places.) c-3. What is the decision regarding H0: β1 = β2 = β3 = β4 = β5 = 0? d-1. State the decision rule for each independent variable. Use the 0.05 significance level. (Round your answers to 3 decimal places.) For x1 For x2 For x3 For x4 For x5 H0: β1 = 0 H0: β2 = 0 H0: β3 = 0 H0: β4 = 0 H0: β5 = 0 H1: β1 ≠ 0 H1: β2 ≠ 0 H1: β3 ≠ 0 H1: β4 ≠ 0 H1: β5 ≠ 0 d-2. Compute the value of the test statistic. (Negative answers should be indicated by a minus sign. Round your answers to 3 decimal places.) d-3. For each variable, make a decision about the hypothesis that the coefficient is equal to zero.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
The following regression output was obtained from a study of architectural firms. The dependent variable is the total amount of fees in millions of dollars.
Predictor | Coefficient | SE Coefficient | t | p-value | ||||||||
Constant | 8.302 | 3.083 | 2.693 | 0.010 | ||||||||
x1 | 0.207 | 0.155 | 1.335 | 0.000 | ||||||||
x2 | − | 1.001 | 0.556 | − | 1.800 | 0.028 | ||||||
x3 | − | 0.168 | 0.405 | − | 0.415 | 0.114 | ||||||
x4 | 0.536 | 0.260 | 2.062 | 0.001 | ||||||||
x5 | − | 0.029 | 0.023 | − | 1.261 | 0.112 | ||||||
Analysis of Variance | ||||||||||
Source | DF | SS | MS | F | p-value | |||||
Regression | 5 | 2,064.77 | 413.0 | 10.15 | 0.000 | |||||
Residual Error | 57 | 2,318.84 | 40.68 | |||||||
Total | 62 | 4,383.61 | ||||||||
x1 is the number of architects employed by the company.
x2 is the number of engineers employed by the company.
x3 is the number of years involved with health care projects.
x4 is the number of states in which the firm operates.
x5 is the percent of the firm’s work that is health care−related.
a. Write out the regression equation. (Negative answers should be indicated by a minus sign. Round your answers to 3 decimal places.)
b. How large is the sample? How many independent variables are there?
c-1. At the 0.05 significance level, state the decision rule to test: H0: β1 = β2 = β3 =β4 = β5 = 0; H1: At least one β is not 0. (Round your answer to 2 decimal places.)
c-2. Compute the value of the F statistic. (Round your answer to 2 decimal places.)
c-3. What is the decision regarding H0: β1 = β2 = β3 = β4 = β5 = 0?
d-1. State the decision rule for each independent variable. Use the 0.05 significance level. (Round your answers to 3 decimal places.)
For x1 | For x2 | For x3 | For x4 | For x5 | ||||
H0: β1 = 0 | H0: β2 = 0 | H0: β3 = 0 | H0: β4 = 0 | H0: β5 = 0 | ||||
H1: β1 ≠ 0 | H1: β2 ≠ 0 | H1: β3 ≠ 0 | H1: β4 ≠ 0 | H1: β5 ≠ 0 | ||||
d-2. Compute the value of the test statistic. (Negative answers should be indicated by a minus sign. Round your answers to 3 decimal places.)
d-3. For each variable, make a decision about the hypothesis that the coefficient is equal to zero.
Help
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 2 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
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
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman