Write a Regression summary explaining significance of mode, explaining regression coefficients, significance of the independent variables, R and R square.Premiums earnedNet incomeDividendsUnderwriting Gain/ Loss30.21.60.60.147.20.60.7-3.692.88.41.8-1.595.47.62-4100.46.32.2-8.1104.96.32.4-10.8113.22.22.3-18.2130.33.02.4-21.4161.913.52.3-12.8182.514.92.9-5.9193.311.72.9-7.6

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Answered: Write a Regression summary explaining…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section: Chapter Questions

Problem 4SGR

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Question

Write a Regression summary explaining significance of mode, explaining regression coefficients, significance of the independent variables, R and R square.

Premiums earned	Net income	Dividends	Underwriting Gain/ Loss
30.2	1.6	0.6	0.1
47.2	0.6	0.7	-3.6
92.8	8.4	1.8	-1.5
95.4	7.6	2	-4
100.4	6.3	2.2	-8.1
104.9	6.3	2.4	-10.8
113.2	2.2	2.3	-18.2
130.3	3.0	2.4	-21.4
161.9	13.5	2.3	-12.8
182.5	14.9	2.9	-5.9
193.3	11.7	2.9	-7.6

Definition Definition Measure of central tendency that is the value that occurs most frequently in a data set. A data set may have more than one mode if multiple categories repeat an equal number of times. For example, in a data set with five item—3, 5, 5, 29, 473—the mode is 5 because it occurs twice and no other value occurs more than once. On a histogram or bar chart, the element with the highest bar represents the mode. Therefore, the mode is sometimes considered the most popular option. The mode is useful for nominal or categorical data (e.g., the most common color car that users purchase), but it is problematic for continuous data because it is more likely not to have any value that is more frequent than the other.

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