This model regresses Salary in a financial services company onto educationQ3:[educ] measured as highest grade level attained in formal education. Fill in the blanks andanswer the questions at the end [4 points each except where stated. SEE DESCRIPTIVE STATS ATTHE END OF THIS QUESTION - YOU MAY NEED IT IN THE QUESTIONS BELOWRegression Analysis: salary versus educAnalysis of VarianceSourceDFMSF-ValueР-ValueRegression0.00016017821776060178217760365.38Error472(а)(b)Total4731.37916E+11 ******NOTE: This number = 1.37916х 1011Model SummaryR-sqR-sq (adj)R-sq (pred)43.51%42.98%(c)(d)CoefficientsTermCoefSE CoefT-ValueP-ValueVIFConstant-183312822-6.500.000educ39102050.0001.00(е)Regression Equationsalary = -18331 + 3910 educf) Calculate the confidence interval for the prediction of 'salary' when educ = 12g) Perform a hypothesis test to determine whether the model is usable. Show yourwork.

Answered: Image /qna-images/answer/99343493-23af-4c5b-af33-35e1fd527e0b.jpg

Answered: This model regresses Salary in a…

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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Interpret the model estimates for age and gender.
Consider the following computer output from a multiple regression analysis relating the cost of car insurance to the variables: number of car accidents, driver's credit score, and safety rating of the car. Answer Coefficients Coefficients Standard Error 680 Intercept Car Accidents (In last 3 years) Credit Score -74.80 Safety Rating - 104.25 122.40 Does the sign of the coefficient for the variable number of car accidents make sense? 79.71 14.75 8.89 11.46 t Stat P-value 8.531 0.0000 0.0000 8.298 -8.414 -9.097 0.0000 0.0000 O Yes, because it is expected that as the number of car accidents increases then the cost should also increase. O No, because it is expected that as the number of car accidents increases then the cost should also increase. O Yes, because it is expected that as the number of car accidents increases then the cost should decrease. O No, because it is expected that as the number of car accidents increases then the cost should decrease. Keyp- Keyboard Short Tables
Please see attached image. In analyzing the effects of an after-school reading program, you run a regression analysis with program participation as the independent variable (0 = control group; 1 = intervention group) and scores on a reading comprehension exam after the program as the dependent variable. Is the effect of the after-school reading program statistically significant? How can you tell, and what does this mean?
See the attached image for the introduction. What are two-sided 95% confidence limits for the increase in mean selling price associated with each additional square foot? (Plugin completely, but you need not simplify.)
Using a sample of 46 college students, we want to determine if there is a significant correlation between weight (in lbs.) and weekly exercise (in minutes). The results of a correlation and regression analysis are indicated in the Excel output below. The mean weight (the independent variable) was 166.80 lbs., and the mean weekly exercise time (the dependent variable) was 158.83 minutes. SUMMARY OUTPUT Regression Statistics Multiple R 0.027082077 R Square 0.000733439 Adjusted R Square -0.021977165 Standard Error 79.41761298 Observations 46 ANOVA df SS MS F Significance F Regression 1 203.6896 203.6896 0.032295 0.858207 Residual 44 277514.9 6307.157 Total 45 277718.6 Coefficients Standard Error t Stat P-value Lower 95%…
Dex Research Limited conducted a research to investigate consumer characteristics that can be used to predict the amount charged by credit card users. The following multiple regression output is based on a data collected by this research company on annual income, household size and annual credit card charges for a sample if 50 consumers. Regression Statistics Multiple R 0.9086 R Square A Adjusted R Square 0.8181 Standard Error 398.091 Observations B ANOVA df SS MS F Significance F Regression 2 C E G 1.50876E-18 Residual D 7448393 F Total 49 42699149 Coefficients Standard Error t Stat P-Value Intercept 1304.9048 197.6548 6.6019 3.28664E-08 Income ($1000s) 33.1330 3.9679 H 7.68206E-11 Household size 356.2959 33.2009 10.7315 3.12342E-14 a. Complete the missing entries from A to H in this outputb. Estimate the annual credit card charges…
Consider the following computer output from a multiple regression analysis relating the cost of car insurance to the variables: number of car accidents, driver's credit score, and safety rating of the car. Intercept Car Accidents (In last 3 years) Credit Score Safety Rating Coefficients 1186 213.48 Coefficients - 130.46 294.11 Standard Error Does the sign of the coefficient for the variable safety rating make sense? 123.87 21.89 14.26 356.37 t Stat P-value 9.575 0.0000 9.752 0.0000 -9.149 0.0000 0.825 0.4128
In an ANOVA table for a multiple regression analysis, the global test of significance is based on the _________. Select one: a. Regression mean square divided by the mean square error b. Treatment mean square and block mean square c. Treatment mean square divided by the error variation d. Block and error variation
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Consider the following computer output from a multiple regression analysis relating the cost of car insurance to the variables: number of car accidents, driver's credit score, and safety rating of the car. Intercept Car Accidents (In last 3 years) Credit Score Safety Rating Answer Coefficients 933 167.94 - 102.63 -199.18 Does the sign of the coefficient for the variable credit score make sense? Coefficients Standard Error 95.65 17.99 10.89 19.98 t Stat P-value 9.754 0.0000 9.335 0.0000 -9.424 0.0000 -9.969 0.0000 O Yes, because it is expected that as the credit score increases then the cost should decrease. O No, because it is expected that as the credit score increases then the cost should decrease. O Yes, because it is expected that as the credit score increases then the cost should also increase. O No, because it is expected that as the credit score increases then the cost should also increase. Tables Keypad Keyboard Shortcuts
Let's study the relationship between brand, camera resolution, and internal storage capacity on the price of smartphones. Use α = .05 to perform a regression analysis of the Smartphones01CS dataset, and then answer the following questions. When you copy and paste output from MegaStat to answer a question, remember to choose to "Keep Formatting" to paste the text. a. Did you find any evidence of multicollinearity and variance inflation among the predictors. Explain your answer using a VIF analysis. b. Copy and paste the normal probability plot for your analysis. Is there any evidence that the errors are not normally distributed? Explain. c. Copy and paste the Residuals vs. Predicted Y-values. Does the pattern support the null hypothesis of constant variance for the errors? Explain. d. Study the residuals analysis. Which observations, if any, have unusual residuals? e. Study the residuals analysis. Calculate the leverage statistic. Which observations, if any, are high leverage…

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