The Honda Accord was named the best midsized car for resale value for 2018 by the Kelley Blue Book (Kelley Blue Book website). The file AutoResale contains mileage, age, and selling price for a sample of 33 Honda Accords. Click on the datafile logo to reference the data. DATA File a. Develop an estimated regression equation that predicts the selling price of a used Honda Accord given the mileage and age of the car (to 2 decimals). Enter negative value as negative number. Selling price = 20385.25 + b. Is multicollinearity an issue for this model? Find the correlation between the independent variables to answer this question (to 2 decimals). -0.0379 Mileage + [ |Age The correlation between age and mileage is 0.668 1. Since the correlation between the independent variables is less than 0.70, we conclude that multicollinearity is an issue. II. Since the correlation between the independent variables is less than 0.70, we conclude that multicollinearity is not an issue. (II. Since the correlation between the independent variables is greater than 0.70, we conclude that multicollinearity is an issue. Iv. Since the correlation between the independent variables is greater than 0.70, we conclude that multicollinearity is not an issue. II c. Use the F test to determine the overall significance of the relationship (to 2 decimals). What is your conclusion at the 0.05 level of significance? Use F table. Significance F value p-value at a = 0.05 Overall Model 290.84 less than 0.01 significant d. Use the t test to determine the significance of each independent variable (to 2 decimals). What is your conclusion at the 0.05 level of significance? Use t table. Enter negative value as negative number.

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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Transcribed Image Text:< > + ng.cengage.com A Week 5 - Assignment A Week 5 MindTap Multiple Regre... Mind Tap - Cengage Learning Rental Application – Mulder Ma... b My Questions | bartleby G how to take screenshot on mac... Rikki v « CENGAGE MINDTAP Q Search this course A My Home Chapter 15 Assignment 3. Courses 4. The Honda Accord was named the best midsized car for resale value for 2018 by the Kelley Blue Book (Kelley Blue Book website). The file AutoResale contains mileage, age, and selling price for a sample of 33 Honda Accords. Catalog and Study Tools Click on the datafile logo to reference the data. 6. DATA file Partner Offers 7. a. Develop an estimated regression equation that predicts the selling price of a used Honda Accord given the mileage and age of the car (to 2 decimals). Enter Rental Options 8. negative value as negative number. 9. College Success Tips Selling price = 20385.25 + -0.0379 Mileage + Age A-Z 10. b. Is multicollinearity an issue for this model? Find the correlation between the independent variables to answer this question (to 2 decimals). Career Success Tips O Office The correlation between age and mileage is 0.668 You are eligible for a FREE 7- day trial of Cengage Unlimited or Cengage Unlimited eТextbooks I. Since the correlation between the independent variables is less than 0.70, we conclude that multicollinearity is an issue. II. Since the correlation between the independent variables is less than 0.70, we conclude that multicollinearity is not an issue. [II. Since the correlation between the independent variables is greater than 0.70, we conclude that multicollinearity is an issue. IV. Since the correlation between the independent variables is greater than 0.70, we conclude that multicollinearity is not an issue. II Try for Free c. Use the F test to determine the overall significance of the relationship (to 2 decimals). What is your conclusion at the 0.05 level of significance? Use F table. NE Learn more Significance F value p-value at a = 0.05 e Help less than 0.01 significant Overall Model 290.84 Give Feedback d. Use the t test to determine the significance of each independent variable (to 2 decimals). What is your conclusion at the 0.05 level of significance? Use t table. Enter negative value as negative number. Significance t value p-value at a = 0.05 less than 0.01 significant Mileage less than 0.01 significant Age 5.

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