Which of the multivariate regression parameters listed below would be best interpreted as: the proportion of variation in the dependent variable explain by all the independent variables in the model. a b1 X1 R2
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Which of the multivariate regression parameters listed below would be best interpreted as: the proportion of variation in the dependent variable explain by all the independent variables in the model.
a
b1
X1
R2
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- A real estate analyst has developed a multiple regression line, y = 60 + 0.068 x1 – 2.5 x2, to predict y = the market price of a home (in $1,000s), using independent variables, x1 = the total number of square feet of living space, and x2 = the age of the house in years. The regression coefficient of x2 suggests this: __________. If the square feet area of living space is kept constant, a 1 year increase in the age of the homes will result in a predicted drop of $2500 in the price of the homes If the square feet area of living space is kept constant, a 1 year increase in the age of the homes will result in a predicted increase of $2500 in the price of the homes Whatever be the square feet area of the living space, a 1 year increase in the age of the homes will result in a predicted increase of $2500 in the price of the homes Whatever be the square feet area of the living space, a 1 year increase in the age of the homes will result in a predicted drop of $2500 in the price of the homesThe following regression model was estimated. Q is the number of meals served, P is the average price per meal (customer ticket amount, in dollars), Rxis the average price charged by competitors (in dollars), Ad is the local advertising budget for each outlet (in dollars), and I is the average income per household in each outlet's immediate service area. Least squares estimation of the regression equation on the basis of the 25 data observations resulted in the estimated regression coefficients and other statistics given in Table below. Variable Coefficient Standard Error of Coefficient Intercept 128832.240 69974.818 Price (P) Competitor Price (Px) | Advertising (Ad) Income () -19875.954 4100.856 15467.936 459.280 0.261 0.094 8.780 1.017 Coefficient of determination R =83.3% (a) Interpret the coefficients of independent variables. (b) Test the significance of independent variables at 5% level of Significance. (c) Interpret R? with the help of adjusted R2. (d) Test for the overall…The data show the chest size and weight of several bears. Find the regression equation, letting chest size be the independent (x) variable. Then find the best predicted weight of a bear with a chest size of 40 inches. Is the result close to the actual weight of 352 pounds? Use a significance level of 0.05. Chest size (inches) *Weight (pounds) 44 54 328 528 41 55 39 51 418 580 296 503 Click the icon to view the critical values of the Pearson correlation coefficient r. - What is the regression equation? x (Round to one decimal place as needed.)
- Which of the multivariate regression parameters listed below would be best interpreted as: the predicted value on the dependent variable when all of the independent variables in the model are equal to zero. a b1 X1 R2For the relationship between Calories and Carbs, here is the equation of the line of best fit: Regression Equation: Calories = 2.36 + 4.432 Carbs What would you predict for the number of Calories if a cereal had 28 Carbs?A student used multiple regression analysis to study how family spending (y) is influenced by income (X1), family size (x2), and additions to savings (x3). The variables y, x1, and x3 are measured in thousands of dollars. The following results were obtained.
- A researcher is investigating possible explanations for deaths in traffic accidents. He examined data from 2000 for each of the 52 cities randomly selected in the US. The variables were death and income. Deaths: The number of deaths in traffic accidents per cityIncome: The median income per city The researcher ran a simple linear regression model: Deaths = Bo+B1(Income). Results shown in photo below. Question: Please help me better understand how to use results from photo to find value of R-squared of this simple linear regression model.A marketing consultant created a linear regression model to predict the number of units sold by a client based on the amount of money spent on marketing by the client. Which of the following is the best graphic to use to evaluate the appropriateness of the model?In R there is a dataset called diamonds that contains measurements of about 500 diamonds sold in the US. There are three variables present: price (price in US dollar), carat (weight of the diamond), and table (width of top of diamond relative to the widest point). The attached image is a screenshot of the R dataset with the regression table and all that. ANSWER THIS QUESTION IN WORDS: Discuss the regression between the variables table and price. You should address the explanatory variable, response variable, correlation, and sign. You should interpret the slope, the t and p-value, and how much is explained by the response.
- Used cars 2010 Vehix.com offered several used ToyotaCorollas for sale. The following table displays the ages ofthe cars and the advertised prices. a) Make a scatterplot for these data.b) Do you think a linear model is appropriate? Explain.c) Find the equation of the regression line. d) Check the residuals to see if the conditions for infer-ence are met. Age (yr) Price ($) Age (yr) Price ($)1 15988 6 99951 13988 6 119882 14488 7 89903 10995 8 94883 13998 8 89954 13622 9 59904 12810 10 41005 9988 12 2995The data show the chest size and weight of several bears. Find the regression equation, letting chest size be the independent (x) variable. Then find the best predicted weight of a bear with a chest size of 58 inches. Is the result close to the actual weight of 662 pounds? Use a significance level of 0.05. Chest size (Inches) 46 57 53 41 40 40 Weight (Pounds) 384 580 542 358 306 320Use the p-value criterion to find the best model for predicting the number of points scored per game by football teams using the accompanying National Football League Data. Does the model make logical sense? E Click the icon to view the National Football League Data. Determine the best multiple regression model. Let X, represent Rushing Yards, let X, represent Passing Yards, let X3 represent Penalties, let X4 represent Interceptions, and let Xg represent Fumbles. Enter the terms of the equation so that the Xy-values are in ascending numeral order by base. Select the correct choice below and fill in the answer boxes within your choice. (Type an integer or decimal rounded to three decimal places as needed.) Points/Game =+ OX 01+Og+O1 A. OB Points/Game = O C. Points/Game = OD. Points/Game = + Dx O E. Points/Game = Data table for the national football league Points/ Game Rushing Yards/ Game Passing Yards/ Penalties Interceptions Fumbles O Game 25.2 90.1 259.2 140 18 4 16.2 95.2 208.5 108…
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