The following results were obtained from a regresSion of n= 14 housing prices (in dollars) on median family income, size of house, and size of lot: Mean Sum of df square squares 4234 Regression SS: Residual SS: 3487 Total SS: Coefficient (b) Standard error(sb) VIF 1.57 0.34 1.3 Median family income 11.2 2.9 Size of house (sq. ft) 23.4 Size of lot (sq. ft) -9.5 7.1 11.3 Constant 40,000 1000 (a) Fill in the blanks. (b) What is the value of r? (c) What is the standard error of the estimate? (d) Test the null hypothesis that R² = 0 by comparing the F-statistic from the table with its critical value. %3D (e) Are the coefficients in the direction you would hypothesize? If not, which coefficients are opposite in sign from what you would expect? (f) Find the t-statistics associated with each coefficient, and test the null hypotheses that the coefficients are equal to zero. Use a = to give the critical value of t. 0.05, and be sure (g) What do you conclude from the variance inflation factors (VIFS)? What (if any)
The following results were obtained from a regresSion of n= 14 housing prices (in dollars) on median family income, size of house, and size of lot: Mean Sum of df square squares 4234 Regression SS: Residual SS: 3487 Total SS: Coefficient (b) Standard error(sb) VIF 1.57 0.34 1.3 Median family income 11.2 2.9 Size of house (sq. ft) 23.4 Size of lot (sq. ft) -9.5 7.1 11.3 Constant 40,000 1000 (a) Fill in the blanks. (b) What is the value of r? (c) What is the standard error of the estimate? (d) Test the null hypothesis that R² = 0 by comparing the F-statistic from the table with its critical value. %3D (e) Are the coefficients in the direction you would hypothesize? If not, which coefficients are opposite in sign from what you would expect? (f) Find the t-statistics associated with each coefficient, and test the null hypotheses that the coefficients are equal to zero. Use a = to give the critical value of t. 0.05, and be sure (g) What do you conclude from the variance inflation factors (VIFS)? What (if any)
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
Topic Video
Question
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 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.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