What is the value of the R-square for this problem? 2. What is table (critical) value of the F-test statistic, assuming 5% significance level? 3. What is calculated value of the t-test statistic for the “Displacement” variable?
A researcher is interested to find out how the engine displacement, vehicle weight, and the type of transmission [i.e. automatic & manual] affect the automobile gasoline mileage. Type of transmission is represented by one dummy variable: automatic (=1, if transmission is automatic; = 0, if transmission is manual)
Part of the raw data and the regression output of 40 different car models are given below.
Automobile |
Miles/gallon |
Displacement(cubic in) |
Weight(lb)) |
Automatic Trans. |
Corvette |
22.50 |
x |
x |
x |
Cruiser |
19.30 |
x |
x |
x |
Omega |
x |
440 |
x |
x |
Nova |
x |
514 |
x |
x |
Corolla E5 |
x |
x |
5911 |
x |
Cougar |
x |
x |
3800 |
x |
Starfire |
x |
x |
x |
0 |
Cordoba |
x |
x |
x |
1 |
SUMMARY OUTPUT |
||||||
Regression Statistics |
||||||
Multiple R |
0.874319 |
|||||
R Square |
xxx |
|||||
Adjusted R Square |
xxx |
|||||
Standard Error |
3.395 |
|||||
Observations |
40 |
|||||
ANOVA |
||||||
|
df |
SS |
MS |
F |
Significance F |
|
Regression |
3 |
592.763 |
xxx |
xxx |
xxx |
|
Residual |
36 |
414.898 |
xxx |
|||
Total |
39 |
1007.661 |
|
|
|
|
|
Coefficients |
Standard Error |
t Stat |
P-value |
|
|
Intercept |
45.768 |
3.861 |
11.854 |
0.000 |
|
|
Displacement |
-0.0176 |
0.00883 |
xxx |
0.054 |
|
|
Weight |
-0.00361 |
0.00074 |
xxx |
0.000 |
|
|
Automatic trans. |
-0.654 |
1.201 |
-0.545 |
0.589 |
1. What is the value of the R-square for this problem?
2. What is table (critical) value of the F-test statistic, assuming 5% significance level?
3. What is calculated value of the t-test statistic for the “Displacement” variable?
4. The researcher wants to predict the miles/gallon for an automobile that has automatic transmission, displacement is 250 (cubic in.) and weight is 3000 pound. Based on the regression output, what is the predicted miles/gallon?
5. Which of the following predictors were found to be significant at 0.05 significance level?
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